What is an ABN?
The Australian Business Number (ABN) is a unique 11 digit number the Business Register issues to you that enable you to run you own business in Australia. It does not replace your tax file number. The ABN enables businesses in Australia to deal with a range of government departments and agencies using a single identification number.
What are the benefits fro me from having an ABN?
The ABN allows businesses to easily confirm your details for ordering and invoicing and also i f not quoted to businesses you deal with, may result in amounts being withheld from payments to you under pay as you go (PAYG) withholding system. Having an ABN also enables you to claim goods and services tax (GST) credits
Am I eligible to apply for an ABN?
You can apply for an ABN if you intend to run a business in Australia and also if you are considered a legitimate contractor.
What information will be required from me to provide?
You can simply fill in the application form which contains you personal details as well as information on your future business in Australia.
How long should I wait for my ABN to be issued?
The ABR usually issues the ABN straight after they are satisfied with the information provided on the application and this happens as soon as all the questions are answered and complete information is supplied to them. In some cases they require further processing which can take up to 28 working days from the lodgment date, during which period you might be contacted for clarification on the details in question surrounding your application.
Will I need to be registered for GST as well?
You are legally required to register for GST if your annual (or expected) turnover is more than $75,000. Some professionals are required to register for GST regardless of that fact, for example taxi operators cannot avoid this registration.
How does the GetTaxSolutions service work?
- 1. Submit your details to us
- 2. Pay our processing fee of 50.00 AUD
- 3. We will submit your ABN application within 12 hours after the reception of all the details required from you.
- 4. You will receive your Australian Business Number to your Australian address and also confirmation of it to the e-mail address provided. (NOTE: If the Australian Business Register is satisfied with all details provided the ABN is being assigned to you straight away, however, in some cases they need more time to decide on the application and might require further information from you, which will lead to longer processing time)
Where do I start?
If you like to avail of our Australian Busness Number solution, ...