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!