Starting a business?

EasyCompanies Pty Ltd, ABN 16 165 152 741, ACN 165 152 741

ABN stands for Australian business number. It’s a unique 11-digit number used by other businesses to identify your business to make sure they’re dealing with and paying the right people.

To find the ABN of your business (once it’s registered) or to search other businesses you can use this free service: https://abr.business.gov.au/

Anyone in Australia exchanging money for goods and/or services should get an ABN.

It’s not compulsory for businesses to register for an ABN, but getting an ABN makes running your business easier, particularly if you want to use tools like Thriday or if you need to register for GST.

Having an ABN can make it easier to keep track of your business transactions for tax purposes and can separate your business activities from your personal activities.

For business with a GST turnover of $75,000 or more, you may have to have an ABN and to be registered for GST.  

You will also need to have an ABN and be registered for GST in order to claim GST credits for any GST you have paid for goods or services you have used in your business.

For more information, visit https://www.ato.gov.au/business/