Luke Chemies

You're putting in time, money, and effort.

You're selling regularly.

It's run in an organized way.

It's keeping records.

And you plan to keep going long term.

Now, you can't just basically go, right, well, I'm going to do the firewood every week.

I'm not going to keep any records.

How much you make?

Oh, I don't know, mate.

I'm not sure.

Not sure.

Well,

You know, just because you didn't keep the record of that doesn't mean that you then don't need to pay the tax on it.

But if you think about that again, like you're intending to make a profit, you're putting in effort, you're putting in time money, you're selling regularly, you're doing it in an organized way, you're keeping records, that probably sounds like a side hustle, right?

And would everybody in New Zealand that's running a side hustle be returning their side hustle income?

Probably not, you know, but...

They may not know that they have to or they may deem it in their mind, I just thought I'm making a bit of extra cash, I've got a hobby.

So if you're regularly selling on Instagram or Trade Me for instance, probably running a business.

Doing jobs for mates, every weekend going and doing some mates rates jobs for the boys, for the squad, for the family, whoever, mates rates though, probably still running a business.

Selling at markets every weekend, oh, a bit of fun, just kind of what I do in my spare time.