Are your ABN details up to date?
When did you last check your Australian Business Number (ABN) details on the Australian Business Register (ABR)? If you’re not sure, it’s time to check your details are correct. Emergency services and government agencies use ABN details to identify businesses in areas affected by emergencies. Checking that both your physical business address and postal address are listed and up to date is important.
Other ABN details include authorised contacts, contact details and business activities. If your details are incorrect, you may miss out on important help, information or opportunities like financial grants.
The fastest way to update your ABN details is through ABR online services (using your myGovID). If you’re no longer using your ABN, you need to cancel it. The ATO actively reviews ABN entitlement and may cancel your ABN if there are no signs of business activity. Tip! Although it’s your responsibility to keep your ABN details up to date, your tax advisor can do it for you. Please get in touch with us for assistance.
Need Help with your Business, Bookkeeping, Tax or SMSF requirements?
If you would like a little help, please get in touch with us for assistance. We can help with your business, bookkeeping, tax and SMSF requirements.
Please also note that many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. Should you have any further questions, please get in touch with us for assistance with your SMSF, business, bookkeeping and tax requirements. All rights reserved. Brought to you by RGA Business and Tax Accountants. Liability Limited by a scheme approved under Professional Standards Legislation.
