<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Workers earning an income from Australia's gig economy could be hit with an unexpected bill with new rules now in effect.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Side hustle incomes are now being reported directly to the Australian Tax Office, with digital service platforms now legally required to report incomes earned by users under the sharing economy reporting regime (SERR).</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>This includes platforms including UberEats, Airtasker, YouTube and OnlyFans.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/super-boost-for-millions-of-australians/1980b070-203f-4393-b77b-6e0350e5df6c"><strong><span>Millions of Aussies to be thousands of dollars better off from next month</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>CPA Australia tax lead Jenny Wong said the change brought the gig platforms into line with other third parties which already provide the ATO with the data.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Until this year, individuals have been required to self-declare the income from their side-hustles. Now nothing will go under the radar.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If you deliver food with DoorDash, work some casual jobs through Airtasker, or make content for Patreon, YouTube or OnlyFans, these sites are now reporting your earnings to the tax office.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/the-australian-workers-who-could-be-hit-by-an-unexpected-tax-bill-this-year/2a243d13-ba01-4ddb-9511-d7bc4f7b215a" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/new-research-reveals-the-average-bank-balance-of-australians/672b6c8c-496c-4254-9978-e024eb370b1d"><strong><span>New research reveals millions of Australians have less than $1000 in savings</span></strong></a><span></span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Wong said the rules would apply to a broad range of services.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If you use a website to rent out a car parking space or your designer handbag, this income will be recorded, and you'll need to pay tax," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Wong said influencers should be aware of their obligations to declare any gifts and gratuities received as a form of payment.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"You must pay tax on income you earn above the tax-free threshold of $18,200," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If you've had a successful year earning money through advertising revenue and streaming subscriptions, as well as through gifts and gratuities, the ATO will be expecting you to cough up. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"This even includes free cars, holidays, clothes and anything else you're lucky enough to receive as a form of payment.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Depending on how much you've earned during the year, this could be a significant amount, maybe even tens of thousands of dollars."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Wong said it is important for workers to declare all income, maintain accurate records, familiarise themselves with tax requirements and seek professional advice.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. 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