Does Anyone Have An Abn?

[Randon_I_Am]

Like the title says.

I'm looking at starting a business up and selling some of the gadgets that i make... Above board...

I am designing and building the "clapper Switch" to comply with all the Australian standards that it relates to, so that I will be able to sell it legally and will be covered if shit hits the fan.

In doing this I have to have the Supplier/Manufactures name and ABN on the unit or packaging. But as i don't have an ABN it makes that one a little hard at the moment...

Has anyone done this? Or does anyone have any first hand info on getting started?

Cheers, Pat.

[Got a Pulsar]

Unless things have changed, you should be able to get one on the net.

I got one a bit over 2 years ago like this but don't need it anymore as I am no longer a sub contractor.

I think maybe now they get cancelled if not used.

Found this...

https://abr.gov.au/A...ome&pid=71&js=1

Edited July 10, 2012 by Not a Pulsar

[Sinista32]

ABR - Link here

Some people charge about $100 (GST incl) for the service. So should be cheaper if you go to the source ABR

[sweefu]

You can get an ABN very easily, I got mine about two years ago.

[Randon_I_Am]

Yeha I'm getting one right now.

Nnot sure if i should get one as a contractor or not...

[sweefu]

I don't think so, unless you are contracting for someone else (bigger company with ABN etc)

Those are more for tradies working on various worksites etc

[Randon_I_Am]

Yeah. Some of the criteria applied to me, but not too much for the reason I'm getting the ABN.

Which I now have!!!

Clapper Light Switches on order now $50.

[Mitcho_7]

Don't sign up do the gst things unless u intend to make over 50,000$. Those bas forms are the bane of my existence!

[sweefu]

I agree, avoid BAS and any employment/GST stuff, really not needed unless you're turning a good profit.

[bnpcustoms]

When I was a subcontractor before opening the workshop I had to have a ABN, I applied for one online, but you can also get a tax accountant to get one for you but there is a cost to it. I didnt need to register mine for GST at first but once I started to earn over $50,000 I had to register it. But when I opened the workshop, being a business selling items I needed to register a ACN and then the ATO issues a ABN after that and all of that costed $990 and I got a accountant to do that.

Hope that helps.

[Sinista32]

Hey Pat please PM the total cost including install of the Clappa single and volumes

[Randon_I_Am]

Richard, you have been PM'd

Thanks for all the info guys.

So far I've just got an ABN as a sole trader trading under my own name. I don't think i need an ACN unless this thing goes crazy huge. Whilest i don't think I'll be making anywhere near 50k on this I'll leave the GST thing alone. Also i have NFI how the whole GST thing works.

Although it would be nice to make a quick 50k on the side... hmmmm what else can i make... SEGWAYS!!!

[Mitcho_7]

How is that Segway coming along?

[Randon_I_Am]

Still no more progress since the last pictures unfortunately.

Still waiting for more welding to have the wheel and motor mounts done...