ABN Application & Registration
For anyone running their own business or contracting work as a freelancer, registering an Australian Business Number (ABN) is mandatory.
Why Do You Need An ABN?
Aside from legal reasons, business owners need an ABN because under the PAYG taxation system businesses receiving an invoice are required to withhold tax at the highest rate from their payments for goods and services if an ABN is not quoted.
This forces businesses to create withholding accounts, which may be the reason they don’t use your service in the future.
In addition to this, acquiring an ABN is advantageous for claiming expenses and securing a higher income rate per hour. However registering an ABN is much harder than it used to be.
Advantages of Us Registering Your ABN
We understand you have other pressing concerns relating to starting your business. You probably see the ABN as something that’s not a priority and unless you are a sole trader under your own name, this is one of the biggest mistakes we see in business.
Registering your ABN is very important and often takes time to process. This is the sole reason why we have created this service for you.
Let Us Take Care of the ABN Set-Up
The contents on the ATO website changes very often. It is our job to keep up to date with this information and we will make sure your ABN registration is 100% accurate.
Our ABN registration process is quick, affordable and simple for you. All you need to do is provide basic contact information and your latest tax return (in most cases we will have this). We may require a 5-minute Skype call to discuss your business structure so we can apply for the correct ABN. E.g. ABN Sole Trader.
Same Day ABN Registration Service
We aim to lodge your ABN registration on the same day as initial contact (depending on our schedule). It takes between 1 to 28 days to receive confirmation to begin transactions under your new ABN.
Please note if your GST turnover is over $75,000 per year, you will need to register for GST when applying for your ABN.
Contact us on michael@michaelbowman.com.au or 0424 388 862.