Lodging to ATO question

[Sunshinedesigns]

Hi, 

I'm trying to set up a POS for my daughters hobby jewelry business to make sales online.  However as she is under 18 I have to make the account in my name and Square will lodge all payments to the ATO.  

will this affect my tax as an extra income? even though it is for my daughter. 

[Laurie_]

Hi @Sunshinedesigns,

Thanks for reaching out with your question!

Using the information on your Square account, Legislation requires that Square reports card transactional data pertaining to your Square account to the ATO each financial year.
For further clarification on how your tax obligations could be impacted, we recommend consulting with a tax advisor directly.

You can visit the Australian Tax Office (ATO)website, or call the ATO on 13 28 66.