I run a game community which is based around Minecraft at the moment with just under 40,000 registered users and I want to expand to YouTube which is in the works and other games. We relaunched yesterday and last night we made $400 and in total we have made $712.12 as income from our store where people can obviously buy things but it has come to my attention that soon we will need to pay taxes because if I have made $400 in income in 1 night with no advertising just word of mouth then I don't want to think what advertising can bring.
With the income that the community is generating it is being put into development, server hardware, advertising etc and I am using my aunties Paypal account. I have been made aware that we will soon need to start paying some sort of tax if this much money is being generated as income and somewhat understand it would be classed as "Hobby Income" but what do we do from here because I am 15 so I can't legally pay tax... I have been told to class it as personal income, hobby income but I don't know what to do from here.