unilad homepage
unilad homepage
  • News
    • UK News
    • US News
    • World News
    • Crime
    • Health
    • Money
    • Sport
    • Travel
  • Music
  • Technology
  • Film and TV
    • News
    • DC Comics
    • Disney
    • Marvel
    • Netflix
  • Celebrity
  • Politics
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Young OnlyFans model shocked after completing her tax return and cops a huge bill to pay
Home>News>TikTok
Updated 15:06 19 Jul 2023 GMT+1Published 22:47 18 Jul 2023 GMT+1

Young OnlyFans model shocked after completing her tax return and cops a huge bill to pay

Kaila Smith said she wishes she knew more about taxes before launching her account.

Stewart Perrie

Stewart Perrie

google discoverFollow us on Google Discover
Featured Image Credit: TikTok/@kailatalks

Topics: OnlyFans, Australia

Stewart Perrie
Stewart Perrie

Stewart Perrie is a Senior Journalist at LADbible. Stewart has covered the conflict in Syria for LADbible, interviewing a doctor on the front line, and has contributed to the hugely successful UOKM8 campaign. He is in charge of the LADbible Australia editorial content and social presence.

X

@stewartperrie

Advert

Advert

Advert

A young Australian OnlyFans star has been delivered a brutal blow after completing her tax return.

Kaila Smith, 21, was doing what millions of Aussies do after June 30 and that's submitting her taxes to she where she's at.

However, nothing prepared the content creator for the whopping bill that came back.

She revealed in a TikTok video: “It is tax time and tax time has done me so f**king dirty."

Advert

She said: "Like, when you are broke you almost have to get a tax return every single time and that used to be me. Last year I got like $500 return.

“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 sure is one hefty tax bill for Kaila.

However, the 21-year-old realised that if she had been paying tax monthly, like most people do in their full-time jobs, then the bill wouldn't have been nearly as high.

Kaila Smith makes a very comfortable living from OnlyFans... well, that's until she files her tax return!
TikTok/@kailatalks

Responding to a comment that said: "I pay about that every year. But throughout the year," Kaila said she'll definitely be doing that for the 2023-24 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."

Learning about taxes and finances is certainly a learnng curve.
Pixabay

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.

Choose your content:

an hour ago
9 hours ago
10 hours ago
12 hours ago
  • GiveALittle
    an hour ago

    Teen facing years in Thai prison after committing '$100 crime' at airport speaks out on 'terrifying' situation

    Loukas Rainger has opened up on his 'nightmare' experience which involved sharing a cell with 19 other men

    News
  • Chip Somodevilla/Getty Images
    9 hours ago

    Some online shoppers can now get refunds on last year’s surprise tariff charges — here’s how

    Following a Supreme Court ruling striking down certain federal import tariffs, UPS and FedEx are issuing refunds for import fees

    News
  • Tom Williams/CQ-Roll Call, Inc via Getty Images
    10 hours ago

    AOC mocks Donald Trump’s claims that ‘communism’ is taking over America: ‘We can’t even raise the minimum wage’

    Alexandria Ocasio-Cortez has laughed off Trump’s warnings about communism, pointing out that the US can't even raise its $7.25 minimum wage

    News
  • Hennepin County Sheriff's Office
    12 hours ago

    Melissa Hortman's killer sentenced to life imprisonment after shooting survivors gave chilling witness statements

    Vance Boelter pleaded guilty to the 2025 murders of Melissa and Mark Hortman last month

    News
  • OnlyFans star is horrified after discovering she has a tax bill worth $176,000
  • OnlyFans star who makes $200k a month was shocked when date expected her to pay $500 dinner bill
  • OnlyFans star says they shouldn't have to pay tax because their work feels like a 'public service'
  • Australian OnlyFans model sparks fury with massive billboard in family suburb to spruik XXX videos