Business Compliance Services
Taxation can be a major cost to any business. Complying with your tax responsibilities and ensuring you minimise the impact can help you to achieve your financial objectives.
Taxation can be a major cost to any business. Complying with your tax responsibilities and ensuring you minimise the impact can help you to achieve your financial objectives.
Business Structure Services
Reviewing every phase of your organisation's lifecycle to achieve the desired results and maximise potential.Business Strategy Services
Helping businesses grow, through reviewing the financial position, developing growth initiatives and identifying the areas that require attention to achieve your goals.
Tax Facts - Australian Business Number
The Australian business number (ABN) is a single business identifier that allows businesses to deal with the Australian Taxation Office (ATO) and other government departments and agencies with one identifier.
An ABN is not compulsory and not everyone is entitled to an ABN. The following entities will need an ABN to comply with other tax obligations:
- Businesses with GST turnover of $75,000 or more must register for GST and need an ABN to do this
- Non-profit organisations with GST turnover of $150,000 or more must register for GST and need an ABN to do this
- Entities seeking to be endorsed as a deductible gift recipient need an ABN to obtain that status
- Charities seeking exemption from income tax need an ABN.
- Companies registered under the Corporations Law
- Business entities carrying on an enterprise
- Trustees of self-managed superannuation funds should obtain an ABN for the fund.
Suite 1, 261 - 265 Blackburn Rd
Doncaster East
Vic 3109
Australia
Ph: 03 8804 4777
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