hi everyone, i recently opened a redbubble/print on demand store online and i've been making some sales here and there. I registered for an ABN and have linked it to my account and I've done everything by the book, however i am unsure what to do come tax time regarding paying tax on this income.
In the invoices and quarterly reports from redbubble it seems that tax is being paid on every sale i make: each sale is given a reference code, and the invoice includes another line for each reference code which says "Excess Markup Fee for Bill #reference code *includes tax" this additional line in the invoice shows a small fee deduction based on the value of the sale its linked to. for example, on a sale where i made $1.14, there is a deduction of $0.19 shown on the invoice, and it says *includes tax.
here's my question! does that mean redbubble are already taking the tax on this income? or do i need to pay additional tax on this income at tax time? Unfortunately i'm not very good with this stuff and can't seem to find a clear answer on this. any help would be appreciated
also, are there any deductions i should be making regarding this income? i create all the artwork digitally and use a print on demand business so i don't have any printing costs.
thanks in advance
db