

Tax Implications of Crowdfunding
Crowdfunding is a method of raising funds for a project through the general public. As this is a rapidly evolving field the tax implications are constantly changing. The below article represents the ATO’s current view at the time of writing this article. If you have any involvement in crowdfunding you should be aware of the tax implications, regardless of your role. At the core of the tax issues is whether the money raised from crowdfunding is considered assessable income, an