9,153 views
3 replies
Hi @DarrenA,
I'll answer your questions in the same layout as your original post to keep it flowing nicely :)
1.a & b) You can claim a deduction for the business-related portion of the item's cost. If you shoot a video and/or some photos (or a series of them), you'd be able to claim a percentage that aligns with your income-earning use of the products. So, if you use the products 50% of the time to generate revenue, and 50% for your own personal enjoyment, you could claim 50% of the expense.
2. This is rolled into the answer above in that you can only claim the portion of the expense related to business use in generating your income.
3. Things get a bit trickier here. If you're posting images or videos purely of your recreational use of the items without any association to making money (ie promoting your Youtube channel or the seller/ stockist where you receive a form of commission from sales), then it would likely be seen as more of a hobby. But if your posts include information that have potential to generate income for you, and you make similar types of posts repeatedly, then it's probably more of a business. Unfortunately we can't provide a specific answer on this as we can't provide personal advice. But we'd strongly recommend to seek further guidance from a tax professional who can determine which expenses would be deductible.
All replies
Hi @DarrenA,
I'll answer your questions in the same layout as your original post to keep it flowing nicely :)
1.a & b) You can claim a deduction for the business-related portion of the item's cost. If you shoot a video and/or some photos (or a series of them), you'd be able to claim a percentage that aligns with your income-earning use of the products. So, if you use the products 50% of the time to generate revenue, and 50% for your own personal enjoyment, you could claim 50% of the expense.
2. This is rolled into the answer above in that you can only claim the portion of the expense related to business use in generating your income.
3. Things get a bit trickier here. If you're posting images or videos purely of your recreational use of the items without any association to making money (ie promoting your Youtube channel or the seller/ stockist where you receive a form of commission from sales), then it would likely be seen as more of a hobby. But if your posts include information that have potential to generate income for you, and you make similar types of posts repeatedly, then it's probably more of a business. Unfortunately we can't provide a specific answer on this as we can't provide personal advice. But we'd strongly recommend to seek further guidance from a tax professional who can determine which expenses would be deductible.
Hello everyone! I need help! As a novice youtuber I don't know how to get more views, how to become more noticeable on the platform. What tips and tricks have you used?
G'day! Let me answer.
Few tips here:
- Design a content strategy;
- Help people stay interested within each section of your overall content structure;
- Use templates for titles, animated elements, text, fx's in video;
- Use proper background music;
- Using B-Roll can be a method;
- If you haven't heard about this SMM Tool, so right there you can check it (smm panel for youtube promotion).
Good luck with your progress!
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