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Business income refers to the earnings generated from selling goods or services through digital platforms, apps, or personal advertisements. If you have additional income from side hustles or have turned a hobby into a business, it’s essential to declare this income.

Running a small business or freelancing full-time is no small feat. With the myriad of responsibilities that come with managing your own ventures, taxes can often feel like a daunting, time-consuming task. This is where professional tax services, such as those offered by Profusion Tax & Accounting Services, come to the rescue.