Is an ABN Right for You?

Side hustle or business? Let’s get clear.

If you’ve started earning extra income from a hobby, weekend gig, or side job — you might be wondering whether you need an ABN.

At Bottrell Accounting in Maitland, we regularly help locals working on side hustles understand their tax obligations and whether it’s time to register a business.

Comprehensive Services Tailored to Your Needs

Whether you’re a small business owner, a professional, or managing a larger enterprise, our Maitland-based accountants provide a full suite of services, including:

Business Advisory

Strategic guidance to enhance business performance and growth.

Taxation Services

Expert advice on tax planning, compliance, and returns to optimize your financial position.

Accounting & Bookkeeping

Accurate financial reporting and record-keeping to keep your business on track.

Superannuation (SMSF)

Assistance with self-managed super funds, including setup, compliance, and management.

Wealth Management

Personalized strategies to build and protect your wealth.

Payroll Services

Efficient and compliant payroll processing tailored to your business needs.

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What is an ABN?

An Australian Business Number (ABN) is a unique 11-digit identifier that tells the ATO and others that you’re running a business.

You’ll need an ABN if you:

– Are invoicing for work or services
– Intend to make a profit
– Have regular or repeated transactions
– Operate as a sole trader, company, or partnership

Not everyone earning money needs an ABN — it depends on how you operate.

Hobby vs Business — Key Differences

Not intending to make a profit
Irregular sales or commissions
No marketing or promotion
No business structure

Intends to make a profit
Ongoing work, invoicing or sales
Promoting online or via socials
Registered as sole trader or company

If you’re selling at the Maitland markets, doing freelance work online, running an Etsy store, or offering weekend services — you could be crossing the line into “business” territory.

When should I register for an ABN?

You should apply for an ABN if:

– You’re charging for your work (not just receiving random payments)
– You’re asked for an ABN by clients or marketplaces
– You’re advertising or promoting your services
– You’re incurring expenses in order to earn income
-You want to register a business name or claim GST credits

We’ll help you register the right way — and avoid common mistakes.

Common Side Hustles That May Need an ABN

– Selling products online (eBay, Etsy, Shopify)
– Freelance graphic design, writing, admin or digital work
– Home baking, crafting or handmade goods
– Cleaning, dog-walking, yard work
– Weekend photography or videography
– NDIS services (as an independent contractor)
– Online coaching, tutoring or training

Do I need to charge GST?

You only need to register for GST if your side hustle earns $75,000 or more per year.
But you can register voluntarily — which might be useful if you have high business expenses.

We’ll help you assess if it’s worth it, or if you’re better off staying under the threshold.

Industry Expertise

Our team has extensive experience across various industries, enabling us to provide specialized insights and solutions. We serve clients in sectors such as:

Is an ABN Right for You?