An ABN is an Australian Business Number. This eleven digit number is in many cases necessary for business owners because it helps people to access tax credits and fuel credits. It also provides an easy and automatic way to unite invoicing information. All in all, it’s easy to obtain and it’s worth it!
Who is eligible to obtain an ABN?
Individuals who are running a business, have recently acquired a property investment, or in some cases even apprentices, are all eligible for an ABN. If you’re wondering if you qualify, take a look at the information you need to provide to get an idea. Chances are, if you’re thinking of it, you’re eligible!
What costs are associated with an ABN?
The answer to this question depends on whether you go through the government channels or our organization. Governmental application processes are, of course, free of charge to file for – but not always straightforward. Going with our organization will add only a small fee, and will ensure that you have people supporting you throughout the whole process (and even making sure it could take as little time as an hour!).
In terms of the specific costs: ABN registration can be done for $39, GST registration for $79, and your business name can be registered for $79 per 1 year and $149 per 3 years.
What’s the difference between applying through the government or through us?
So what’s so different between the government application and our application? We join the entire application into a single form for you, we help you process your application quickly (whether you have one or multiple registrations to be made). The government will offer a seven plus page form, no support, and a huge degree of hassle if you even think of multiple registrations.
What will I need to apply?
Our form unites all the information you need to provide in one place. You’ll be asked things like your legal name, your tax number, and questions about your business.
How long does ABN registration take?
Typical ABN registration actually only takes a few minutes. This leaves some people wondering how long it takes to receive the ABN, and we’re happy to say that for most of our clients delivery happens within the hour!
In the unlikely event of a delay in your application, you can rely on our staff to continuously provide any information that we have.
What to do if I haven't received the email with my ABN number?
Please check your email, including your SPAM folder.
On rare occasions, our response may take more than 1 day to reach the mail, as the Australian government's internal platform may be under maintenance. This slows down all the procedures and registrations. If you have any questions, you can always email us at: firstname.lastname@example.org Thank you for your patience.
How long does it take to register a Business Name?
Registering a business name can take up to two days. This can be done through our site, but be aware it will be a few days before you get the business name processed, and thus a few days before the ABN can be processed.
Who has to report for GST?
One of the benefits of registering for an ABN is your access to the GST credits. If you are a taxi driver, or if your business produces more than $75,000 a year, you must be registered for GST.
Does each individual business need its own ABN?
The general rule is one business number per business name/trader. If you want to have more than one ABN, you need to register multiple companies. Thus each company would have its own ABN. If you don’t register multiple companies, you will be using the same ABN for each company.
Reactivation of old ABNs?
Typically applying for a new ABN is unnecessary, as you can reactivate previous ABNs. The government will prefer this to a new registration. Please be aware that it can result in minor delays of your ABN registration process, as the government will likely be reviewing previous use of the number before it reactivates.
Replacing an ABN number?
There are three circumstances that will result in ABN replacement:
- Lack of embedding in code: If the ABN you have does not have an ACN/ARBN embedded, a replacement ABN will likely be issued.
- Issues with the ACN or ARBN: If an incorrect number was used to embed in an ABN, a new ABN may be issued.
- Exceptional circumstances: In certain cases, cultural or religious reasons can come into play in requiring a new ABN.
Is an ACN required to register for an ABN number?
ABN registration can be completed as an individual, a partnership, or a corporation. Only those looking to pursue corporate registration will require an Australian Corporation Act.
Researching details of an ABN number?
All Australian Business Number details can be found on www.abr.business.gov.au
Is my business name available?
You can search registered business names using the ASICconnect website. This website will help determine whether a name is already in use or not.
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