From publicaccountant.com.au: Australia’s side hustle economy is valued at nearly $10 billion, with almost one million Australians engaging in supplementary income streams.
Many side hustlers face challenges related to tax compliance and record-keeping, highlighting a significant market opportunity for accountants to offer tailored services.
Accounting firms can capitalise on this by developing diagnostic tools, hosting educational seminars, and creating milestone service packages aimed at micro-business owners.