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  • What Is A ABN

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    66 просмотров2 страницы
    An ABN (Australian Business Number) is issued by the ATO to all types of businesses and has 11 unique digits to identify business information. An ACN (Australian Company Number) is issued by ASIC only for registered companies and has 9 digits; it is different from an ABN. Businesses must quote their ABN on invoices otherwise buyers can withhold 46.5% of payments. Applying for an ABN can be done online, through an agent, or via paper form and provides benefits like assisting with GST and fuel tax credits.

    Исходное описание:

    ABN

    Оригинальное название

    What is a ABN

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    An ABN (Australian Business Number) is issued by the ATO to all types of businesses and has 11 unique digits to identify business information. An ACN (Australian Company Number) is issued by ASIC only for registered companies and has 9 digits; it is different from an ABN. Businesses must quote their ABN on invoices otherwise buyers can withhold 46.5% of payments. Applying for an ABN can be done online, through an agent, or via paper form and provides benefits like assisting with GST and fuel tax credits.

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    © All Rights Reserved
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    Отметить как неприемлемый контент
    66 просмотров2 страницы

    What Is A ABN

    Загружено:

    delobd
    An ABN (Australian Business Number) is issued by the ATO to all types of businesses and has 11 unique digits to identify business information. An ACN (Australian Company Number) is issued by ASIC only for registered companies and has 9 digits; it is different from an ABN. Businesses must quote their ABN on invoices otherwise buyers can withhold 46.5% of payments. Applying for an ABN can be done online, through an agent, or via paper form and provides benefits like assisting with GST and fuel tax credits.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 2

    WhatisaABN(AustralianBusinessNumber)?

    ABNmeansAustralianBusinessNumber,whichcanbeissuedtoalltypesofbusiness
    includingpartnershipsandtraders.Ithas11uniquedigitswhichcanbeusedtoverifyall
    informationpertainingaboutthebusinessthatitisregisteredto.

    AustralianBusinessNumbersareissuedbytheAustralianTaxOffice(ATO)

    WhatisaACN(AustralianCompanyNumber)?

    TheAustralianCompanyNumber(ACN)isissuedbytheAustralianSecuritiesandInvestment
    Commission(ASIC)fornewcompaniesandhasaunique9digitidentifier.

    ACNisonlyforabusinessesthatregisterasacompany.

    NotethattheABNandACNaredifferentfromeachother.RegisteringabusinessnameIS
    NOTthesameasregisteringacompany.

    AlsoifacompanyhasbeenissuedwithanACN,youareundernoobligationtoobtainan
    ABN.TheACNsufficesforalltradingpurposes.But,ABNstoprovidebenefitsthatyou
    shouldinformyourselfabout.MostcompanieshavebothaACNandABN.

    WhataretheadvantagesofhavingaABNyouask;hereareafew
    1. AssistsbusinesseswithclaimingGSTcredits
    2. Assistbusinessesinclaimingfueltaxcredits
    3. ItlimitstheamountbeingwithheldfrompaymentunderPAYGwithholding
    4. Itallowsbusinessestoeasilyconfirmdetailsinbusinessordersandinvoicing
    5. HavingaABNhelpsyourbusinessinallgovernmentcommunicationsandtransactions
    6. Itwillbeeasytoeasiertocommunicatewithgovernmentaswellasopenupbankaccounts
    foryourbusiness

    CanbusinesseswithholdmoniesifIdontquotetheABNonmysalesinvoice?
    Yes,theymaywithhold46.5percentofyourinvoicedsalesamountifyoudontquoteyourABNon
    thesalesinvoice.
    OnceyoureceiveyourABN,thedatafromyourbusinessapplicationwillbeincludedaspartofthe
    ABR(AustralianBusinessRegister)ofwhichthestartingpointofregisteringyourbusinessinthetax
    systemandwhereyoucan:
    1. registerforothertaxobligations,likegoodsandservicestax(GST)andpayasyougo(PAYG)
    withholding
    2. accessandupdateyourownbusinessdetails.
    3. checkinformation,suchastheGSTstatusandABNofotherbusinesses,fororderingand
    invoicingpurposes
    4. applyforabusinessTaxFileNumber(TFN)

    WanttoapplyforanABN?Therearethreeoptions:
    1.OnlineapplicationatAustralianBusinessRegister

    2.Ataxagent
    3.Throughpaperapplication,whichyoucanorderonlineforthe
    a)ABNregistrationforindividuals(soletraders)
    b)ABNregistrationforcompanies,partnerships,trustsandotherorganisations
    c)ABNregistrationforsuperannuationentities
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    WhatisthecriteriatoapplyforaABN?

    ThereareseveralcriteriarequiredbytheAustralianBusinessRegisterbeforeapplyingfor
    ABNbecausenotallbusinessentitiesareentitledtohaveABN.

    YoucancheckcriteriaforapplyingforaATOABNcriteria

    ForindividualorsoletradersseeATOABNEntitlementTooltoassesswhetherornotyou
    areentitledtoregisterforaABN.

    WanttoapplyforaACN?
    TheAustralianSecuritiesandInvestmentsCommissionhasprovidedontheirwebsite.
    http://www.asic.gov.au/asic/ASIC.NSF/byHeadline/Registering%20a%20business%20name

    HereareafewstepstogettingaACN
    1. Thinkaboutyourbusinessstructureandwhetheritsrightforyou
    2. NotethatwhenweregisteranAustraliancompany,thecompanycandobusinessinall
    statesandterritorieswithoutyouhavingtoindividuallyregister
    3. Pickacompanyname.Hereisatableofwhattheabbreviations(likewhatPtymeans)
    4. YoucanalsocheckwithIPAustraliatoseeifyourproposednameissimilaroridenticalto
    anyregisteredorpendingtrademarks
    http://www.ipaustralia.gov.au/gettherightip/trademarks/searchforatrademark/
    5. Decidehowyouwanttooperateyourcompany.Thingsyouneedtothinkaboutinclude

    Replaceablerules

    Havingaconstitutionor

    Acombinationofboth

    Notethatifyouareonlydirectorandmember,yourproprietarycompanycannotbegovernedby
    replaceablerules.Specialrulesapplyinstead.
    1. Understandyourlegalobligationslikeannualfees,lodgementdatesetc.
    2. Getconsentfromotherdirectors,members,shareholdersbeforeyouapplyforaACN
    3. Registeryourcompanyandpaytheappropriatefeeswhichrangefrom$357to$433.
    TheshortcutisthattherearecompaniesthatwillregisteryourACNforyouandsaveyouhavingto
    doanythingbuttheydochargefortheirservices.Doasimplegooglesearchandyouwillfindthem.
    PleasenotethatwehavenotcoveredalloftheinformationrelatingtoregisteringABNsandACNs
    wewantedtogiveyouabriefoverviewbutyoushoulddoyourownresearchandmakesureyouare
    informed.

    Forfurtherreferenceandmoreinformation,checkout

    AustralianTaxOffice(ATO)

    AustralianSecuritiesandExchangeCommission(ASIC) http://www.asic.gov.au/

    AustralianBusinessRegister(ABR)

    http://www.ato.gov.au/

    http://www.abr.business.gov.au/

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