Crowdfunding is a relatively modern phenomenon, helped in no small part by the growth of the online world. But with revenue, of any sort, tax is generally something that has to be considered.
If you have already lodged your income tax return but then realise you left something out, don’t panic. We can help you make an amendment with the ATO to make things right. In this issue we also look at the place private rulings can have in managing more complex tax affairs. We’ve had great success with Private Rulings for our clients over the years. We also examine the ins and outs of personal services income.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.