{"id":6946,"date":"2024-07-24T13:56:33","date_gmt":"2024-07-24T03:56:33","guid":{"rendered":"https:\/\/aerogroup.com.au\/?p=6946"},"modified":"2024-07-29T13:18:26","modified_gmt":"2024-07-29T03:18:26","slug":"navigating-taxes-for-your-side-hustle-maximising-returns-and-staying-compliant","status":"publish","type":"post","link":"https:\/\/aerogroup.com.au\/zh\/navigating-taxes-for-your-side-hustle-maximising-returns-and-staying-compliant\/","title":{"rendered":"Navigating Taxes for Your Side Hustle: Maximising Returns and Staying Compliant"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"6946\" class=\"elementor elementor-6946\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3550356 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"3550356\" data-element_type=\"section\" 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class=\"elementor-shape-fill\" d=\"M421.9,6.5c22.6-2.5,51.5,0.4,75.5,5.3c23.6,4.9,70.9,23.5,100.5,35.7c75.8,32.2,133.7,44.5,192.6,49.7\tc23.6,2.1,48.7,3.5,103.4-2.5c54.7-6,106.2-25.6,106.2-25.6V0H0v30.3c0,0,72,32.6,158.4,30.5c39.2-0.7,92.8-6.7,134-22.4\tc21.2-8.1,52.2-18.2,79.7-24.2C399.3,7.9,411.6,7.5,421.9,6.5z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aff12b1\" data-id=\"aff12b1\" data-element_type=\"column\" data-settings=\"{&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b4c66a5 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading\" data-id=\"b4c66a5\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_harakiri_text_clip&quot;:&quot;none&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Navigating Taxes for Your Side Hustle: Maximising Returns and Staying Compliant<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1820160 ob-has-background-overlay elementor-widget elementor-widget-spacer\" data-id=\"1820160\" data-element_type=\"widget\" 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elementor-col-100 elementor-top-column elementor-element elementor-element-1d3bec7\" data-id=\"1d3bec7\" data-element_type=\"column\" data-settings=\"{&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-da6f20b ob-has-background-overlay elementor-widget elementor-widget-image\" data-id=\"da6f20b\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_photomorph_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"768\" src=\"https:\/\/aerogroup.com.au\/wp-content\/uploads\/2024\/07\/2-768x768.png\" class=\"attachment-medium_large size-medium_large wp-image-6941\" alt=\"\" srcset=\"https:\/\/aerogroup.com.au\/wp-content\/uploads\/2024\/07\/2-768x768.png 768w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2024\/07\/2-300x300.png 300w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2024\/07\/2-1024x1024.png 1024w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2024\/07\/2-150x150.png 150w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2024\/07\/2-12x12.png 12w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2024\/07\/2.png 1080w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d934db ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"3d934db\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h1 dir=\"ltr\" style=\"line-height: 1.2; text-align: center; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 36px;\"><span style=\"font-family: Quicksand, sans-serif; color: #28b779; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Navigating Taxes for Your Side Hustle: <\/span><span style=\"font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Maximising Returns and Staying Compliant<\/span><\/span><\/h1><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 12pt; margin-bottom: 12pt; text-align: left;\"><span style=\"background-color: transparent; color: #434343; font-family: Quicksand, sans-serif; font-size: 13pt; text-align: justify; white-space-collapse: preserve;\">In today&#8217;s dynamic economy, many individuals are embracing side hustles to supplement their income and pursue their passions. Whether you&#8217;re driving for a rideshare service, freelancing in digital marketing, or selling handmade crafts online, each endeavour comes with its own set of tax implications. Understanding these nuances is crucial to both maximising your returns and staying compliant with tax regulations.<\/span><\/p><h3 dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 14pt; margin-bottom: 4pt;\"><span style=\"font-size: 26px; font-family: Quicksand, sans-serif; color: #28b779; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">The Side Hustle Boom: What You Need to Know<\/span><\/h3><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Side hustles, often started alongside full-time jobs, can range from freelance gigs to small businesses. Despite the varying nature of these ventures, one common thread ties them together: tax obligations.<\/span><\/p><h3 dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 21px; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">1. Income Declaration and Tax Responsibilities<\/span><\/h3><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">All income generated from your side hustle is taxable and must be declared. Whether you receive payments via online platforms, cash transactions, or invoicing clients, accurate income reporting is essential. Failure to declare income can lead to penalties and legal issues down the line.<\/span><\/p><h3 dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 21px; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">2. Strategic Deduction Claims<\/span><\/h3><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">To optimise your tax return, consider deducting legitimate business expenses. These may include:<\/span><\/p><ul style=\"margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;\"><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Operating Costs:<\/span><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\"> Rent for business premises, utility bills, and office supplies.<\/span><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Marketing Expenses:<\/span><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\"> Costs incurred in promoting your services or products.<\/span><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Travel and Transportation:<\/span><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\"> Deductible expenses for business-related travel, whether local or interstate.<\/span><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 0pt; margin-bottom: 12pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Professional Services:<\/span><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\"> Fees paid for accounting, legal advice, or business consultations.<\/span><\/p><\/li><\/ul><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Keeping detailed records of these expenses is crucial to substantiate claims and minimise taxable income.<\/span><\/p><h3 dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 21px; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">3. Capitalising on Tax Breaks and Incentives<\/span><\/h3><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Small businesses and side hustlers alike can benefit from various tax breaks offered by the government. These may include immediate deductions for equipment purchases under specified thresholds or incentives for research and development activities. Understanding and leveraging these opportunities can significantly reduce your tax burden.<\/span><\/p><h3 dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 21px; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">4. Proactive Tax Planning and Compliance<\/span><\/h3><p dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand,sans-serif; color: #434343; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">Managing taxes for a side hustle requires proactive planning and compliance with ATO regulations. Set aside funds for quarterly or annual tax payments to avoid financial strain during tax season. Utilising tools like PAYG (Pay As You Go) instalments can help in managing cash flow effectively.<\/span><\/p><h3 dir=\"ltr\" style=\"line-height: 1.2; text-align: justify; margin-top: 14pt; margin-bottom: 4pt;\"><span style=\"font-size: 15pt; font-family: Quicksand,sans-serif; color: #28b779; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\">How Aero Accounting Group Can Support You<\/span><\/h3><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\">Navigating the complexities of side hustle taxes demands expertise and strategic planning. Aero Accounting Group offers tailored solutions to support your entrepreneurial journey:<\/span><\/p><ul style=\"margin-bottom: 0px; padding-inline-start: 48px;\"><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial, sans-serif; color: #434343; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 12pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-weight: bold; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\">Personalised Tax Advice:<\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\"> Strategic insights to optimise tax efficiency and minimise liabilities.<\/span><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial, sans-serif; color: #434343; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-weight: bold; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\">Bookkeeping Services:<\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\"> Accurate record-keeping and financial reporting to ensure compliance.<\/span><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial, sans-serif; color: #434343; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-weight: bold; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\">Tax Planning Strategies:<\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\"> Proactive planning to maximise deductions and returns.<\/span><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: disc; font-size: 13pt; font-family: Arial, sans-serif; color: #434343; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; white-space: pre;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 0pt; margin-bottom: 12pt;\" role=\"presentation\"><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-weight: bold; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\">Compliance Guidance:<\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;\"> Stay updated with changing tax laws and obligations to avoid penalties.<\/span><\/p><\/li><\/ul><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\">Starting and managing a side hustle offers immense opportunities for growth and financial independence. By understanding your tax responsibilities, strategically claiming deductions, and leveraging available incentives, you can optimise your tax returns and focus on growing your business. <\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\">Aero Accounting Group<\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\"> is committed to supporting you with comprehensive tax solutions tailored to your entrepreneurial journey.<\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.2; margin-top: 12pt; margin-bottom: 12pt;\"><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\">Ready to streamline your side hustle taxes and maximise your returns? Contact<\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-weight: bold; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\"> Aero Accounting Group<\/span><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\"> today for expert advice and personalised solutions. Let&#8217;s partner together to ensure your side hustle thrives financially while staying compliant with tax regulations.<\/span><\/p><div><span style=\"font-size: 13pt; font-family: Quicksand, sans-serif; color: #434343; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;\">\u00a0<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40e7aa8 ob-has-background-overlay elementor-widget elementor-widget-image\" data-id=\"40e7aa8\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_photomorph_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1536\" height=\"768\" src=\"https:\/\/aerogroup.com.au\/wp-content\/uploads\/2023\/08\/Minimise-your-taxes-Maximise-your-profits-min.png\" class=\"attachment-1536x1536 size-1536x1536 wp-image-5566\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cf03dc ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"3cf03dc\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bcde89d ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading ob-harakiri\" data-id=\"bcde89d\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_harakiri_text_clip&quot;:&quot;none&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"heading.default\">\n<div class=\"elementor-widget-container\">\n<h4 class=\"elementor-heading-title elementor-size-default\"><strong><span style=\"color: #2c9199;\">Need help?<\/span><\/strong><\/h4>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-7a4bee5 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor ob-harakiri\" data-id=\"7a4bee5\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix\">\n<p>Not sure if your current accountant is a good long-term fit?<a href=\"https:\/\/aerogroup.com.au\/zh\/contact-2\/\">&nbsp;Contact us at Aero Accounting Group<\/a>&nbsp;today and we&#8217;ll help you minimise your taxes and maximise your profits<\/p>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36a1048 ob-has-background-overlay elementor-widget elementor-widget-spacer\" data-id=\"36a1048\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_spacerat_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Are you accounting for the depreciation on your assets when you do your taxes? Check out what deductions you might be missing on!<\/p>","protected":false},"author":2,"featured_media":6941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,175,38,29,33,31],"tags":[168,170,185,186,171,166,133,187],"class_list":["post-6946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-owner-tax-return","category-business-services","category-for-business","category-in-office-tax-return","category-multi-year-tax-return","category-online-phone-tax-return","tag-accounting-efficiency","tag-budgeting-strategies","tag-business-deductions","tag-depreciation","tag-financial-reporting","tag-tax-accountants","tag-tax-deductions","tag-work-from-home-deductions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maximising Returns and Staying 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