Performing Artists, The ATO and Your Rights and Responsibilities

Over the course of a five part series we will give an overview of the current ATO legislation as it applies to performing artists, the “business of art” and the minimal expectations from an administrative perspective.

Whilst taxation is not what some would call exciting, it permeates all facets of society, including us with a creative soul, and it is vital for your business’s success to understand your rights and responsibilities in relation to the ATO and specifically TR 2005(1).

Why you should read this series:

·       to be a performing artist and not create an “arts business” around this activity is doing yourself a disservice;

·       if you can legitimately show that your “arts business” is designed “for-profit” then you have available to you a number of range of options which you otherwise would not;

·       if you already have an “arts business” are you meeting commercial practices requirements as stipulated by the ATO?

For further information please see: http://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR20051/NAT/ATO/00001>

Part One: Definitions

Part Two: Distinguishing an Art Business from other Businesses

Part Three: Demonstrating intention to profit

Part Four: Implementation of Administration Controls

Part Five: Real Life Case Example