Special professionals

With the government having announced a ban on events with more than 500 people attending a lot of people that work in the arts- performers, sound engineers, production crews, technicians and operators have been heavily financially affected.

This may be of some assistance to you at this time.

Are you a special professional?

A special professional includes an author of a literary, dramatic, musical or artistic work, an inventor, a performing artist, a production associate,sound engineer or a sportsperson.

There are different tax laws and income averaging applied to these fields, this is an area we at cannonAccounting specialise in, having musicians, singers, actors and producers on our books we have vast experience with getting the best return possible for these professions.

If you think this may apply to you give us a call and we can have a chat to discuss the best way to go about your next tax return.

https://www.ato.gov.au/Forms/Income-averaging-for-special-professionals-2019/

https://www.ato.gov.au/Forms/Income-averaging-for-special-professionals-2019/?page=4#Average_taxable_professional_income

https://www.ato.gov.au/Forms/Income-averaging-for-special-professionals-2019/?page=5#Above_average_special_professional_income