If you're from Straya mate 🐨🇦🇺
If you're an Australian resident for tax purposes, you'll need to provide us with your ABN in order to get paid for your work.
It’s a great idea to have an ABN, especially as you continue to work as an influencer. With your following and growing account, you’ll only get more and more work which is so exciting! 🙌
But I'm not a business, Instagram is just something I do for fun
Although you might consider your Instagram account your side hustle it is work done in return for payment for business so you'll need an ABN.
If no ABN is provided we're obliged by law to withhold 50% of the fee to comply with ATO tax regulations, where a payment of $75 or over is made. 😱
Alrighty, let's get started then
Having an ABN makes it super easy for both parties in payment as well as when tax time rolls around.
You can apply for an ABN quickly and for free via the ATO tax website via the Australian Business Register here. Most people receive their ABN within minutes of applying.
Here's How to get an ABN if you're ready to go.
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