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Monday 12 May 2014

Why to register with ABN???

An Australian Business Number is an 11 digit unique number that is formulated as first two digits for the checksum and remaining 9 digits are a valid number. This number is not mandatory to have, but is required to deal with the GST. Government of every nation creates rules and regulations to build peace and the spirit of competiveness in the citizens. ABN is one of the rules established for the Australian people.
ABN Australia is a famous number provided by the Australia Tax Office for the businessmen to take the valid claims from the GST. ATO do not force its populace to have this number for their business but makes it compulsory for the demonstration of the ABN.

Various fields that may include the registration of this number for the avail process are as follows:
Partnerships
Individual business registration
Trusts
Spiritual institutions
Leased properties.
Self-managed super funds
Charity
These are a few fields that require ABN in Australia. The government of the nation provides many benefits to the people of the country. There are many benefits for registering with this 11 digit number, such as;
  • It is required to obtain claims for the fuel from GST.
  • This number is necessary for the people who want to expand their businesses in other countries.
  • It is compulsory to deal with different Government agencies.
  • Get an ABN to get the Australian Domain.
  • You can claim energy benefits from GST.

  • It provides the identity for the expanding of businesses.
There are three ways to apply for ABN. These are as mentioned below:
1. Directly via the Australian Business Register Portal.
2. By filling a paper based application Via the Australia Tax Office.
3. And, with the help of a registered Tax Agents.
Register today for the Australian Business Number and enjoy the benefits provided by the Government.

Friday 2 May 2014

Why And How To Get An Australian Business Number


The government of every nation generate rules and regulations to control the citizens and to maintain the peace in the country. These rules aid the nation and its populace to enhance the spirit of development and competition. ABN is one such category that is meant for the benefit of Australian citizens.
ABN is short for Australian Business Number. It is a eleven (11) digit unique number that is formulated as the first two digits for checksum and the remaining nine (9) are provided for the valid 9 digit number. This number is provided by the Australia Tax Office. It is not mandatory to have this number for business purposes but is compulsory to take advantage of this benefit from the GST (Good and Service Tax).
Business owners can apply online for an ABN or it can be done manually. There are many benefits when you register for this number. A few of them are as follows:

  • You need it to conduct busines with the Australia Tax Office.
  • It is required in order to make claim for fuel and energy from GST.
  • Non Profit organizations require it to communicate with GST.
  • You can get an ABN to procure Australian domain with it.
  • This is mandatory to do business in other countries.
  • This is required for the identification purpose of various Government agencies.
How to get an ABN?

Well, there are three methods used when applying for an ABN. These are as listed below:
  • Australian Business Register Portal provides the alternative by directly filling out the form.
  • You can fill out an application form at ATO.
  • There are few registered tax agents that can aid you in filling out the form.
Why tax agents??
You can choose to hire these agents because:
  • They help in simplifying the form.
  • You can register for the business name number and GST, all at one time.
  • They have expressive services.
  • They are supervised by professionals.
Register for the number today and make your business more efficient!