The problem arises quite simply if you want to use your money. Sure its fine leaving offsore, but when i wanted my Rx7, i had the cash handy. The way to do this in Australia is to run a company, then the tax rate is 30% which i can live with.
Hobbies have nothing to do with it
... its money earnt.. the tax department want their share..
The biggest hassle here is the quartely BAS statements.. do any of you do them.. ARRRGHHHHH
Writing the 30% off isnt too bad, content + hosting + computer / ISP, etc etc my car is paid by the company.. i always need to travel interstate to watch the footy .. opps to visit clients!
If you are buying content, always get a TAX Invoice.. you need proof. Paypal receipts dont quite cut it !
hmm still havent found those damn bank statements!
Nurgle