money money money 905b the problem with side hustles + top tips for earning money on the side
Feb 4, 2026
Kayla Malss, podcast host and marketing pro who built photography and copywriting side hustles. She discusses why people start side income, how to tell hobby from business, practical first steps like validating demand and setting up ABN/banking, and sensible tax and bookkeeping habits. Short, actionable conversation about starting and managing side hustles without losing control.
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Default To Business Mindset If You Want Growth
- If you intend to grow income beyond occasional sales, assume you're running a business and set it up accordingly.
- Treat it like a business from day one to stay strategic and avoid avoiding tax obligations.
Use ATO Indicators To Decide Structure
- Use ATO business indicators (profit intent, regularity, scale) to decide hobby vs business, and when in doubt treat it as a business.
- Register an ABN via the Australian Business Register if you are starting an enterprise.
Get Your ABN Straight From The Source
- Apply for an ABN directly via the Australian Business Register rather than paying intermediaries.
- You'll need your TFN and to confirm you're carrying on an enterprise to be entitled to an ABN.
