Need of an ABN in different fields.

Business is supposed to be set by following few rules. Every country set a few rules for its citizens. These are very important to maintain peace in the country. The government of Australia has also set a few rules to run business in the country. These are required to establish businesses. One of them is, ABN.

Apply for ABN

ABN!! Unique identification number

Australia Business Number is an 11 digit unique number given by the ATO (Australian Tax Office). In its format, first two digits are reserved for checksum and rest 9 is a valid unique number. It is required to deal with other businesses. It is not compulsory to have but is required to get claims from GST (Goods& Service System). 

ABN allows to!!

• Get claim fuel and energy grants
•  Give identification for other businesses
• Deal with other countries
• Deal in other products& services
• To buy an Australian Domain
• To claim GST grants
• To shun PAYG tax on payments.

Want to apply for an ABN!!

You can apply for an ABN by three ways:

1. Directly by filling ABN application form.
2.   Directly via the Australian Business Register Portal.
3.    Through the registered agents.

Why agents!!

These agents have professionals of finance and tax agents. They help in simplifying the form and fill it to get an ABN within 24 hours. These provide a provision to complete ABN application form along with the business name and GST.

Total Time required!!

If correctly filled the process gets completed in 24-48 hours. It is not given in hand, but is posted at the residential address.

Various areas!!

• Religious establishment.
• Charity
• Lease property
• Partnership
• Company registration
• Trust

So, we can say that ABN is required for several essential fields and areas. Get an agent and make things easier to get your registration done.