Shally is a very keen photographer and is considering setting upher own business. It...

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Accounting

Shally is a very keen photographer and is considering setting upher own business. It has been a hobby of hers for many years butshe now wants to take it more seriously.
Outline to Shally, the factors that she needs to takeinto consideration should she wish to ensure that her ‘newbusiness’ is interpreted as such by the ATO. Use specific examplesthat relate to her photography business, reference to case law andany legislation.

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ANSWER Considering Shally needs to take her enthusiasm for photography in a substantially more expert sense and is considering beginning a business she needs to ensure that she comprehends the vital structure that is fundamental the whole procedure Right off the bat she needs to consider the type of business she might want to enjoy on the off chance that she needs to set up an online business she needs to consider the medium she will offer her item the photos how she will contact her customers and also how her customers See Answer

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In: AccountingShally is a very keen photographer and is considering setting upher own business. It has...Shally is a very keen photographer and is considering setting upher own business. It has been a hobby of hers for many years butshe now wants to take it more seriously.Outline to Shally, the factors that she needs to takeinto consideration should she wish to ensure that her ‘newbusiness’ is interpreted as such by the ATO. Use specific examplesthat relate to her photography business, reference to case law andany legislation.