When your Side Hustle becomes a Business – Next Steps
So, given that you may have reviewed your situation and have ascertained that your side hustle is indeed a business, what do you need to do next?
Louise McLoughlin
14 May 2025
Our Blog
Welcome to our bookkeeping blog! We share bookkeeping tips, software updates and the latest news from the ATO. Sometimes we get a bit cheeky and let you know what we really think about this industry, but we try to behave ourselves most of the time! Enjoy the read and if you’re looking for anything in particular, hit the search button above.
Is my Side Hustle a Business?
As the cost of living continues to rise, more individuals are seeking innovative ways to earn extra income on the side. These additional sources of revenue, commonly referred to as “side hustles.”
Louise McLoughlin
7 May 2025
Fully Serviced Novated Leases – How to Set up in Xero
This “how to” provides you with a step-by-step guide to setting up a fully serviced novated lease in Xero.
Louise McLoughlin
30 April 2025
New Criminal Underpayment Laws have Started
New Criminal Underpayment Laws began on 1 January 2025. It is now an offence to underpay your staff. If found guilty, you may face hefty fines or jail time, or both.
Louise McLoughlin
23 April 2025
PayDay Super is Coming
Payday Super is coming! Payday Super aims to stop employers from not paying employees super or paying it late. Payday Super is set to begin from 1 July 2026.
Louise McLoughlin
9 April 2025
Non-compliant Small Businesses to Face Monthly BAS Reporting
If you’re a small business who continues to deliberately disregard your obligations, you can expect the ATO to move you to more frequent GST reporting (Will Day, ATO)
Louise McLoughlin
28 March 2025
ATO Super Clearing House to Close when PayDay Super Begins
What you may not know is that from 1 July 2026, the ATO Small Business Super Clearing House (SBSCH) will close. Yes, you heard right—it is closing its doors at the same time as Payday Super begins.
Louise McLoughlin
26 March 2025
Super to be paid on Paid Parental Leave
The government has decided to pay super guarantee equivalent payments on government-funded Paid Parental Leave (PPL). This will begin from 1st July 2025
Louise McLoughlin
12 March 2025
New from Xero: reprocess failed or returned auto super payments
Xero users who use the payroll function will be pleased to hear that an update has been released whereby failed or returned super payments can
Louise McLoughlin
29 November 2024