Whilst many advisors may have laughed off having a famous client at some point in their career, the reality in 2024 is that fame is a highly sort after commodity and it is likely your fresh-faced teenage neighbour’s YouTube channel earns more than your retirement portfolio. From influencers, content creators, artists to e-sports and OnlyFans stars, what do you need to be considering. The session includes:
- Defining sources of income and reporting unique income streams
- When a hobby becomes a business
- Employee or contactor
- Deductions and expenses – where do you draw the line, including record keeping and substantiation
- International tax considerations; and
- Contractual and legal issues.