Having fun and making money - but is it a business or a hobby?
Teenfinca® Issue 1, 2018
Many people have hobbies that they make some money from. Sometimes, these people are not sure if they should inform the Australian Tax Office about this activity or not. They may not be certain that it is a hobby and not a business. There is a difference! This presentation provides clarity around this question.
It includes a link to an online video provided by the tax office.