Earnr AI, your new tax assistant, is here. Check it out now!
Stressed by tax?
Get Earnr Pro
Taxionary

Side Gig

[saɪd ɡɪɡ]

Term

Summary:

A Side Gig or side hustle, is a part-time job done alongside standard employment. It is a way to make extra income, or can just be a passion project.

More detail:

A Side Gig is a part-time job or business that individuals do alongside their regular employment. This may be done to supplement their income or just as a passion project.

Their flexibility has made them increasingly popular in the recent years. Some of the most popular Side Gigs include tutoring, food delivery services, selling products on e-commerce sites etc.

Income from Side Gigs is untaxed. Everybody is entitled to a tax-free allowance of £1000 but any income over that must be declared to HMRC. This is done by filing a Self Assessment.

At Earnr, we specialise at making that process easy and efficient so you can spend more time doing what you do best.

Back to Taxionary

You might also like...

decorative image for a blog

Submit your 22/23 Tax Return Before January 31st

January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.

Read more
decorative image for a blog

We asked Earnr AI why you should use Earnr…. here’s what it said…

We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!

Read more
decorative image for a blog
December 20, 2023
Tax essentials

Why should you submit your tax return over the Christmas period?

The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.

Read more
Earnr logoDownload earnr