We offer taxation advice and services for Speciality Occupations such as Social Media Influencers, YouTubers and Gamers.
The training we have attended has given us a niche in this space.
With recent taxation law changes, the structing requirements for these types of businesses have changed, we will be able to guide you through what can and cannot be done from a taxation perspective.
Influencers, YouTubers & Gamers
Are you an influencer, YouTuber, or gamer looking to navigate the complex tax laws in Australia? Look no further! Our team of experienced accountants is here to guide you through the process and ensure that you are compliant with all regulations.
Tax guide for Influencers, YouTubers and Gamers in Australia
As an influencer, YouTuber, or gamer, it is important to understand your tax obligations in Australia. This includes registering for an Australian Business Number (ABN), registering for goods and services tax (GST), and keeping accurate records of your income and expenses. Our team can assist with registering for an ABN and GST, as well as providing advice on how to keep accurate records for tax purposes.
Do Twitch Streamers & YouTubers Pay Taxes in Australia?
The taxation of income earned from online activities such as streaming on Twitch and creating content on YouTube is nuanced and can depend on various factors, including the individual’s tax residency, the type of income, and the frequency of the activity. In Australia, money earned from advertising, subscribers, on Twitch and YouTube is considered taxable income and must be reported in an individual’s tax return. However, it is important to seek professional advice to understand the tax implications of the income and how to report it.
Best Business Structure for Influencers in Australia
The best business structure for influencers in Australia will depend on your individual circumstances. However, many influencers choose to operate as a sole trader or through a company structure. Our team can provide advice on the pros and cons of all available structures and assist with setting up the appropriate structure for your business.
Business Expenses Streamers Can Claim
As an influencer, YouTuber, or gamer, there are a variety of expenses that can be claimed as tax deductions. These include expenses such as computer equipment, internet costs, and marketing expenses. Our team can assist with identifying and claiming these deductions to minimise your tax liability.
In summary, our team of experienced accountants can assist influencers, YouTubers, and gamers in Australia with a variety of tax-related matters. We can guide you through the process of registering for an ABN and GST, provide advice on how to keep accurate records, and assist with calculating your tax liability.
We can also provide advice on the best business structure for your business and assist with identifying and claiming deductions to minimise your tax liability.
Contact us today to schedule a consultation and take the first step towards compliance and financial success.