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Contact Details

Smith Thornton Accountants
234 Stirling Tce
Albany, WA 6330
Australia

P 08 9842 5155
F 08 9842 5510
mail@smiththornton.com.au

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Tax Facts - Australian Business Number

The Australian business number (ABN) is a single business identifier that allows businesses to deal with the Australian Taxation Office (ATO) and other government departments and agencies with one identifier.

An ABN is not compulsory and not everyone is entitled to an ABN. The following entities will need an ABN to comply with other tax obligations:

  • Businesses with GST turnover of $75,000 or more must register for GST and need an ABN to do this
  • Non-profit organisations with GST turnover of $150,000 or more must register for GST and need an ABN to do this
  • Entities seeking to be endorsed as a deductible gift recipient need an ABN to obtain that status
  • Charities seeking exemption from income tax need an ABN.
Other eligible entities may choose to register for an ABN:
  • Companies registered under the Corporations Law
  • Business entities carrying on an enterprise
  • Trustees of self-managed superannuation funds should obtain an ABN for the fund.
If an entity makes supplies of goods or services to a business, the supplier entity generally needs to quote an ABN. If the supplier does not quote an ABN, the payer may need to withhold tax from the payment.

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Torndirrup Pty Ltd trading as Smith Thornton is a corporate authorised representative (No.472492) of NKH Knight Holdings Pty Ltd AFSL No.438631

General advice warning: Any recommendation or advice contained on this website is not intended to be financial or product advice and is for general information only. Readers should only act on information after having received professional advice appropriate to their personal circumstances. The information provided on this website is for use of a general nature only as is not intended to be relied upon as, nor to be a substituent for, specific professional advice. No responsibility for loss occasioned to any persons acting on or refraining from action as a result of any material in this publication can be accepted.