A number of our Artists have asked us recently about what expenses they can claim when doing the tax for their music business.
Please visit the ATO Website Click Here as it has a comprehensive guide to what you can and cannot claim.
AMPED Tip – Keep your receipts for everything! Run your accounts in Xero or Quick Books. Pick one night a week and add in all your receipts so it doesn’t get on top of you. Keep all your receipts in the one place in case of audit.