Luke Chemies

If you're doing that every weekend and making money from it, I'd probably going to say, yeah, that's a business.

You're running a business there.

Now, even if you don't feel like a business and you just want to make some extra cash because you are frustrated at the cost of living, you can still be taxed

like a business.

Now, I can't go, oh, well, I only do six or seven speaking gigs a year at six grand, righto, 42 grand.

It's just a hobby, just a hobby of mine.

What do you reckon the IOD would say?

Like, mate, what the?

Pay up your rat.

Give us our 39% of your speaking gig.

They go, look, there's probably an intention to make a profit there.

You're putting an effort to do it.

You're doing it regularly.

And I think because the number would be bigger, if I did six of them on the side for a couple of hundred bucks, I'd be like, oh, is it worth chasing me down for 40% of that?

So this is where this stuff does get really tricky.

And the onus on this goes back to you and I, the taxpayer.

So again, it's not what you call it.

It's not what you want it to be.

more around the regularity, the effort you're putting in if you're making a profit and if you've got it going in an organized way.

Do you continue to do this and can you make money from it?