"Tax Implications for Side Hustlers in the Whisky and Poshmark Markets"

More people are turning to side hustles to supplement their income, but are facing unexpected tax bills due to the different tax rules for self-employment. Governments are cracking down on unreported income from side gigs, with the UK and US implementing new reporting rules for digital platforms. Many side hustlers are unprepared for the extra paperwork and tax obligations, leading to potential penalties and investigations. Tax experts suggest updating tax rules to better align with the changing nature of work to help people accurately report their taxable profits.