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Should I register as a business?

I'm new

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Replies 1

Hi,

Recently as of Saturday the 10th of May, I have made an Onlyfans account. On this account, I sell solo pornographic material. I did this as a way to make extra money during this coronavirus pandemic and how hard it is to currently find a job. As of today Wednesday the 13th of May, I have made over $700. 

 

My concern is, should I register an ABN? Also please note, I am also currently on Youth Allowance with centrelink with $850 a fortnight. ($550 being apart of the coronavirus supplement)

1 ACCEPTED SOLUTION

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Most helpful response

Devotee

Replies 0

It's difficult to tell from the info you've provided whether you're in business or a hobby and whether you need to declare any earnings for tax purposes. 

 

Check out this page to help you work it out - Are you in business?

1 REPLY 1

Most helpful response

Devotee

Replies 0

It's difficult to tell from the info you've provided whether you're in business or a hobby and whether you need to declare any earnings for tax purposes. 

 

Check out this page to help you work it out - Are you in business?