I'm in Oz too. I've applied for the ABN and have all my expenses on equipment tax deductible. From my understanding, you can apply for an ABN once you started a business, and don't required to have any profit. Then, you can claim deduction on the part of your income from your microstock business, but not the income from your full time job.

With an ABN, you need to keep record of all your business activity and submit an activity statement to ATO every quarter. This can be time consuming, but definitely worth doing if your income from micro stock is significant. If your business reach an annual turnover over AUD75000, you can apply for GST deduction as well. That means you can buy your equipment and claim back the 10% GST.

Thank you Noodle!

One more thing about the application. I've applied for illustration, do I need to apply again to contribute photos or videos?

Hi,

I've recently applied for Shutterstock and got accepted. Just wondering if the images I used for application will be available for sale, or do I need to do something to make them active?

I'm thinking of dropping video exclusivity at iStock. Currently, I've got nearly all my videos mirrored at Getty Images, just wondering after dropping the exclusivity, will the files stay there or will they be removed?

Also, I'm planning to upload to Shutterstock, Pond5 and Revostock, can anyone suggest more website that I should upload to? Thanks

If I'm exclusive to iStockphoto, do I need to drop the exclusivity before apply for Stocksy?