What is an ABN?
An Australian Business Number, or ABN, is an 11 digit number that identifies your business or organisation to the government and community.
How do I know if I need an ABN?
It’s important to know that you can work without getting an ABN. For example, you can be employed as a worker and paid a wage and super. While you're working, your employer will deduct tax from your pay and send it to us.
Having an ABN requires you to keep us informed of your business activity. This includes reporting all of your income on your tax return, no matter how much you earn.
If you change your email address, phone number or are no longer running a business, you must let us know within 28 days.
How can people get their reporting right?
When you register for an ABN, you’ll be sent an email called ‘new to business essentials’, which has a range of self-help tools to get you started. It will help you figure out when you need to lodge, if you need to register for GST and much more.
You can find more information via Podcast above.
