Australian Business Number (ABN)

Simply – you can’t operate a business in Australia without this number and other businesses won’t deal with you if you don’t have an ABN.

The Australian Business Number (ABN) provides a single identifier when dealing with the tax office or other government departments and agencies.

Our tax accountants will apply for this number while also dealing with the GST registration.

You need an ABN when interacting with the ATO regarding:

• GST (e.g. to claim GST credits)
• The Diesel and Alternative Fuels Grants Scheme
• Luxury Car Tax
• Wine Equalisation Tax
• Applying for an endorsement as a deductible gift recipient
• Applying for an endorsement as an income tax exempt charity

NOTE: You can also use an ABN to interact with the ATO on the PAYG system and Fringe Benefits Tax.

To qualify for an ABN, you must be a company registered under Corporations Law in Australia or a business entity carrying on an enterprise in Australia.

You will need to be registered for GST if:

• Your GST turnover is $75,000 or more
• You are a nonprofit organisation with a GST turnover of $150,000 or more
• You need to be endorsed as a gift deductible recipient
• You need to be endorsed as an income tax exempt charity

Call us today and we can assist you to get your business compliant, registered with an ABN so that you can start operating.