Do I Need to Register for and Pay GST?

There are two scenarios in which you may register to collect and pay Goods and Services Tax (GST) in Australia: You are required to. You do so voluntarily. When You Are Required to Register for GST The rules governing whether are you required to register for GST are...

Benefits of an Australian Business Number (ABN)

There are several benefits to having in Australian Business Number (ABN) for your business, including: You can register a business name with ASIC You can form a company You can register for Goods and Services Tax (GST) with the ATO You can claim GST credits if you...

Australian Business Number (ABN): Do You Need to Apply for One?

An Australian Business Number (ABN) is an eleven digit number that is unique to your business or organisation. The government, other businesses and organisations, and the general public use your ABN to identify your business. ABNs are issued by the Australian Business...

What is Pay As You Go (PAYG) Withholding Tax?

Pay As You Go (PAYG) Withholding is a system in which business owners make tax payments throughout the year on behalf of employees, contractors and other payees. By making partial payments during the year, there is less likelihood of the payees being lumped with a...

What is Pay As You Go (PAYG) Instalment Tax?

If you own a business you may need to pay income tax during the year much like an employee pays tax from their salary or wage. This tax system is called Pay As You Go (PAYG) Instalments. Before we go any further, it is important to understand that Pay As You Go (PAYG)...