After she turned in her tax return, a young Australian OnlyFans star got a very bad surprise.
Kaila Smith, who is 21 years old, was doing what millions of other Australians do after June 30: sending in her taxes to find out where she stands.
Kaila Smith
But nothing could have prepared the person who made the content for the huge bill that came back.
In a TikTok video, she said, "It's tax time, and taxes have treated me so f**king badly.
"Like, when you're broke, you almost always have to get a tax return, and I used to be like that. About $500 came back to me last year.
“But this year I have to pay pretty much $15,000 in tax and I’ve never paid that much money for anything in my whole life, apart from my car.”
Ouch.
That is one hefty tax bill for Kaila.
But the 21-year-old realized that the bill wouldn't have been nearly as high if she had paid taxes every month, like most people do with full-time jobs.
In response to the statement, "I pay about that much every year. But all year long," Kaila said, "I will definitely do that for the 2023-2024 financial year."
She told her viewers that it's not all bad because she is making a lot more money than she used to after joining OnlyFans so don't bust out the violin just yet.
However, she added: “I just wish I knew more about tax time and finances. But yeah, that’s my rant of the day."
People in the comments were sympathetic to the young content creator as taxes can be pretty confusing when you're managing your own finances.
One said: "I think I owed about 40k once. mostly staff PAYG. Get accounting software so you can count all expenses. cameras, shoot locations, internet, compute."
Another added: "The low & middle income earners offset expired this year, unfortunately a lot of people have been affected like this."
Loads of commenters suggested she get an accountant to make sure she doesn't get another big bill in the middle of next year.
She confirmed that she has definitely taken them up on that advice.
"I found such an amazing accountant that specialises in this sort of thing so I think I’m all sorted now," she revealed.
