The Ultimate Guide to OnlyFans: Earnings and Filing Taxes

With the rise of social media and digital platforms, creators are monetising their content in innovative ways. OnlyFans has become one of the most popular platforms, allowing creators to charge for exclusive content. However, with great income comes great responsibility—particularly when it comes to tax obligations in Australia.

At Dolman Bateman, we work with a growing number of OnlyFans and social media content creators. Here are the most common questions we receive, and the tax essentials every creator should know.

1. Understanding Your OnlyFans Income

Income from OnlyFans can come from:

• Subscriber fees

• Tips

• Pay-per-view (PPV) content

• Paid messages

• Referral bonuses

All of these count as assessable income and must be declared in your annual tax return.

2. Keeping Track of Income and Expenses

Proper record-keeping can mean the difference between a high tax bill and a maximised deduction:

• Use accounting software or a spreadsheet to track all sources of income and expenses

• Separate business bank account: Highly recommended for simplifying financial reporting

• Keep receipts for equipment, props, camera gear, subscriptions, lighting, costumes, internet, and marketing

3. Choosing the Right Business Structure

The structure you operate under affects your tax rate, compliance obligations, and asset protection:

Sole Trader

• Easiest and most common setup

• Report income on your individual tax return

• Taxed at your personal marginal tax rate

Company

• Flat tax rate of 25% for small businesses

• Offers liability protection and income splitting flexibility

• Higher compliance and setup costs

Trust

• Provides asset protection

• Profits distributed to beneficiaries

• Tax rate depends on who receives the income

Not sure what’s best? Speak to us and we’ll advise on the structure that suits your situation.

4. Registering for an ABN

Once your structure is chosen and set up, you’ll need to apply for an Australian Business Number (ABN). This:

• Allows you to legally invoice clients

• Makes you eligible for certain tax deductions

• Is required if you earn income from a business or enterprise

Need help registering? Contact Dolman Bateman and we’ll take care of the process.

5. Filing Your Tax Return

When tax time comes:

• Declare your OnlyFans income in your tax return

• Claim all legitimate deductions: photography gear, editing software, professional fees, subscription platforms, costumes, lighting, internet, and more

• Keep accurate records and receipts in case of ATO queries

6. GST Obligations

If your gross income exceeds $75,000 per year, you must:

• Register for GST

• Lodge Business Activity Statements (BAS) monthly, quarterly, or annually

• Add 10% GST to your services if applicable and remit to the ATO

OnlyFans subscriptions are considered digital services, so GST may apply based on your setup.

7. Why Work with Us

Our accountants specialise in helping OnlyFans and content creators understand and manage their taxes. We’ll help you:

• Choose the best structure

• Maximise deductions

• Ensure ATO compliance

• Prepare your tax return and BAS

Contact us today at 📞 (02) 9411 5422 or book an appointment to ensure your OnlyFans business is structured for success.

If you are an OnlyFans content creator and need assistance with your tax returns please give us a call at 9411 5422 or book an appointment with one of our experienced accountants and they can provide you with the correct advice.  This blog has been prepared for the purposes of general information and guidance only. It should not be used for specific advice or used for formulating decisions under any circumstances. If you would like specific advice about your circumstances, please feel free to contact us on 02 9411 5422. We can help make sure the right method is used to give you the maximum possible tax deduction associated with any of these methods.

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Disclaimer:

The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.