Income tax Archive

As a talented individual, do I need to pay income tax?

Please consult  https://www.ato.gov.au/Business/GST/In-detail/Managing-GST-in-your-business/General-guides/The-sharing-economy-and-tax/#Iamprovidinggoodsorservicestopeopleforaf for further details. If you are perform spare-time activity or pastime pursued for pleasure or recreation then you may be engaged in a hobby, in which case tax or reporting obligations do not apply. If you provide goods or services for payment through a sharing economy website or app where it is more than an occasional pastime or hobby, then the payments you receive …