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Side Hustle Income Tracker (Australia)
Track Etsy, market and freelance income and expenses, and set aside money for tax.
Platforms may report sales data to the ATO, so keep your own records that match. Read side hustle records.
Hobby or business: signs the ATO considers
| Factor | Leans hobby | Leans business |
|---|---|---|
| Intention | Fun, occasional | Making a profit |
| Regularity | Now and then | Regular and repeated |
| Organisation | Informal | Records, pricing, marketing |
| Scale | Small, personal | Similar to others in that industry |
Simplified from ATO guidance. No single factor decides it.
Example: setting aside tax from side income
| Month | Profit after costs | Set aside (example 25%) |
|---|---|---|
| Oct | A$400 | A$100 |
| Nov | A$900 | A$225 |
| Dec | A$1,200 | A$300 |
Example rate only. The right % depends on your total income; ask a registered tax agent.
Side income is added to your other income and taxed at your marginal rate. Read side hustle records.
General information only, not financial or tax advice.
Do I pay tax on side hustle income?
If it's a business, income generally needs to be declared and is taxed with your other income.
How much should I put aside?
It depends on your total income. A registered tax agent can help you set a percentage.
Can the ATO see my platform sales?
Some platforms report seller data to the ATO, so keep accurate records that match.
Related
Australian Tax Time Bundle · Sole Trader Income & Expense Spreadsheet · Sole Trader Tax & BAS Dashboard
Try it in an app
Side Hustle Income & Tax Tracker (AU) (A$29, one-off): Track side-hustle income and expenses by Australian financial year, set money aside for tax, and watch the GST turnover threshold.