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Do i Need an ABN?

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Do i Need an ABN?

Post by Admin on Mon Dec 29, 2014 9:36 pm

I'm not an accountant by any means, so please Don;t take what i say as gospel, its just my understanding..

ABN stands for Australian Business number, if you are running a business in Australia you need one.

It is free to get one, you just need to go on to https://abr.gov.au/For-Business,-Super-funds---Charities/Applying-for-an-ABN/

Your ABN is registered under you own name, but if you are after a business name, you will have to purchase a trading name under your ABN (cost about $40 bucks) but can be purchased through the ABR Website above..

You will be obviously required to lodge a tax return every year under your abn (whether you have made income or not), If your not sure please have a chat with our resident CPA Accountant Corrine @ Platinum accounting in Melton Victoria!


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