Why OnlyFans creators in Australia need an accountant

Business

Creating content on OnlyFans might look simple from the outside—take photos, post videos, and engage with fans. But beneath the surface, creators are running businesses. That means managing finances, tracking income, understanding tax obligations, and making long-term decisions about savings and growth.

 It’s no surprise that many Australian creators are now turning to accountants for support. Here’s why working with OnlyFans tax accountants in Australia isn’t just helpful—it’s essential.

You’re a business, not a hobby

In the eyes of the Australian Taxation Office (ATO), if you’re earning money consistently on OnlyFans, you’re running a business. That means:

  • You need an ABN
  • You’re responsible for paying tax on your earnings
  • You may need to register for GST
  • You must keep financial records

An accountant helps formalise this setup, ensuring you tick every box from the start. They can also help you choose the right business structure (sole trader vs. company) based on your income and goals.

Taxes aren’t optional

One of the biggest mistakes creators make is assuming they don’t need to pay tax, or that the ATO won’t find out. Since 2024, digital platforms like OnlyFans have reported your income directly to the ATO. This means unreported income is more easily detected.
A good accountant ensures:

  • Your tax returns are accurate
  • All income is declared, including cash tips and gifts
  • You avoid penalties or audits

They’ll also help you prepare for tax time by setting up quarterly budgeting or PAYG instalments to prevent nasty surprises.

You’re probably missing deductions

Many creators overpay their taxes simply because they don’t know what they can claim. Accountants experienced with digital creators understand the unique deductions available to you, such as:

  • Content equipment (cameras, lighting, editing tools)
  • Software subscriptions
  • Internet and phone usage
  • Props, clothing, makeup, and set décor used for shoots
  • Home office expenses
  • Professional services like editors, assistants, or legal advice

Claiming the right deductions can save thousands, and your accountant will ensure they’re backed up with proper documentation.

GST can be a trap

If your turnover exceeds $75,000 in a financial year, you may need to register for GST. However, GST only applies to income from Australian subscribers, not international ones. This creates confusion and has led to creators being hit with unexpected tax bills.
An accountant can help you:

  • Register for GST at the right time
  • Correctly apply GST to domestic earnings
  • Submit accurate BAS statements quarterly
  • Separate international income (which is GST-free)

This avoids overpaying GST or failing to pay it when required.

You’re planning for the future

Making money now is great, but what about next year? Or five years from now? An accountant helps you think beyond day-to-day posting:

  • Should you set up a company for tax minimisation?
  • How do you save for retirement as a self-employed person?
  • What’s the smartest way to invest your profits?
  • Should you consider income protection or business insurance?

These aren’t always easy questions, especially if your income fluctuates. But they’re vital for long-term stability and growth.

Peace of mind is worth it

For most creators, tax is confusing and stressful. You didn’t get into content creation to become an expert in spreadsheets or the Australian tax code. That’s where a good accountant comes in—they take that mental load off your plate, so you can focus on your content, community, and creativity.

Signs you need an accountant now

  • Your OnlyFans income exceeds $20,000 per year
  • You’ve received ATO letters or warnings
  • You’re unsure if you need to charge GST
  • You want to buy a home or apply for a loan and need organised financials
  • You’re unsure how to budget for taxes
  • You’ve received free products or collaborations and don’t know how to declare them

Even a single session with an accountant can clarify your financial position and help you avoid costly errors.

Protect your success

Being an OnlyFans creator in Australia offers independence, income, and creativity, but it also means managing a business. Working with an accountant isn’t just about compliance. It’s about protecting your success, maximising your income, and planning for a secure future.