Reaping the rewards from content creation

If you’ve been making $75,000 or more in a 12 month period from content creation then you’ll need to register for GST.

This includes receiving payments (whether cash, services, goods or a percentage of advertising revenue) for:

• reviewing and promoting products and services
• content being sponsored, endorsed, or having advertising placed in it
• creating and posting content
• others licensing your content
• acquiring followers, viewers and subscribers
• collaborating with other content creators.

For assistance in preparing or working out your GST turnover contact our office on 03 98485933.

Source: www.ato.gov.au