Shally is a very keen photographer and is considering setting up her own business. It...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Shally is a very keen photographer and is considering setting up her own business. It has been a hobby of hers for many years but she now wants to take it more seriously.
Outline to Shally, the factors that she needs to take into consideration should she wish to ensure that her new business is interpreted as such by the ATO. Use specific examples that relate to her photography business, reference to case law and any legislation.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!