Second Job

ChezL

Hi

 

We have a partnership in the Engineering field; my husband has got his cert III in Group Fitness Training and is employed by another company doing a few shifts. Does the income he receives from that company have to be recorded in MYOB for our partnership or is it separate.

 

Thanks

Chez

Genreve_S

Hi @ChezL,

 

It kinda depends, but as a rule of thumb, if your partnership’s in engineering and your husband’s second job is separate (group fitness and employed by another company), keep it out of the partnership books. Just record the income and expenses for the engineering partnership in MYOB. Best to double-check with your accountant or tax adviser to be safe.

 

Regards,
Genreve