Rounded chatting with Lauren to get the answers to your top tax questions, like:

Top sole trader tax mistakes

Overlooked deductions you may be missing out on

What the ATO is looking for this year and how to avoid these errors

How PAYG-i works and how to save for tax

How to make the...

Part 2: Non-Fungible Tokens (NFTs) and their Tax Implications

This is part two of a three-part series* Read part one here.

What is a non-fungible token? It is a unique digital token representing the ownership of digital or real-work things (like artworks!). It cannot be copied or divided. It is...

RECEIPTS AND EXPENSES

Your options for collecting and storing the right evidence!

I see you… the overwhelm of getting everything ready for tax time is REAL. 

Do you have all your invoices and receipts?

Bank statements?

… but are they all stuffed in a box under your bed? Or in...

Big scary tax debt? 

You might want to set up a payment plan with the ATO (and also check out our blog on debts).

The ATO offers payment plans that will help you pay your tax bill, especially if you are currently under financial hardship. You may also be able to set up a payment plan...

A Guide to Grants, Prizes, and Awards for Creatives in Australia: Taxation, Unearned revenue, and GST Implications

Grants, prizes, and awards play an important role in supporting and recognising the talents and accomplishments of creatives. However, knowing the tax and GST (Goods and Services...

Understanding Income Tax Account and Activity Statement Account for Creatives in Australia

Ever get those pesky emails saying there’s a message for you in MyGov?

And then ignore it?

Best not to do that… 

If you haven’t linked your MyGov account to the ATO,...

Really working those ASSets? 

Thinking of working in the adult entertainment industry?

The statement ‘your body, your business’ couldn’t be more true, and in more ways than one. The money you are earning is not magical free money with no obligations or tax, and it needs to...

It’s that good, we have to tax it. 

GST means goods and services tax. It's a 10% tax applied to most products and services in Australia. This is a tax that is designed to tax the end consumer. It’s almost like when you register for GST you work for the ATO, because you start...

 This is me! Maybe it’s also you? 

There are so many beautifully unique people coming to Adelaide each year for the Adelaide Fringe; performers, producers and support crew from all over the world. Hopefully you make some money while here, but what happens when it comes to tax?

...

 Everyone has a Tax File Number (TFN), and some have an Australian Company Number (ACN) or Australian Business Number (ABN) but now some people are also going to need a Director ID Number. So many ways to identify you!

WHAT

This is a new thing, launched 1 November 2021. It will be a...