Hi,
I’m about to register a brand new Australian Business Number, which will be for web design services and investment in property purposes.Also broker says I should have one so I’m finally getting around to doing one.
What things should I tick in the application that will be pertaining to these later related issues in any possible property investment and such?
I am doing the online free application anyone that knows a bit about it, I can show you the application of what I did if you can have a look over it private pm me or email and I can give you the link before I submit it.
Would be good to see if I have done things right. Some questions I was not sure what to put down.
Or any general advice please?
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Jaffasoft.comI made mine ‘very’ generalised Jaffa as and set up as a sole trader..also set one up through the accountant for a pty ltd with a generalised name (after much trying and variations)that lent itslef to all forms of investing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsHi Jaffasoft,
Which on-line ABN registration are you using? The one at http://www.abr.gov.au is easy to use, and you can also apply for a TFN.
There is also a good “help” section.
Also an ABN number takes around 28 days to issue from lodgement of the forms.Amanda
“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”Thanks for your replyies because this sort of thing I got to tell you I don’t know that much about.
I think what you’ve done RedWing is down the track of what I want to do i.e so that it has the right options.
“All form of Investing” Yep that sounds like me I’m just a common bloke that wants to do a few reno’s and devolping a unit or two and a house or two.
Also web design services so software related, looks like I will be making web sites for related businesses in the industry.
What’s a TFN?
That’s good that it takes 28 days as I don’t want it to effect a taxt return that will take 6 weeks. Even if it don’t effect it I dont know? but for 28 days I know it wont.
I know I should seek an accountants advice and I won’t take what you(s) say as advice but will be good to get your opinions on it so I can get a quick education on it.
Couple things I couldn’t seem to make much more sence on even in the help files was the bit about petrol because i will be traveling a bit as I already do that and the bit on the trust entity thing.
Yep it was the abr web site and for the most part was pretty easy to fill out just a couple of things that I was not sure on.
This will be the ABN for http://www.Jaffasoft.com
TFN = Tax file number.
It sounds like you’ll need one, and its easiest to apply for both at the same time – just tick the box.
Wake
Why do I need to get another TFN?
If you are trading as a sole trader you can use your existing TFN.
CATA
Asset Protection Specialist
[email protected]Oh, that’s good. Thanks cata and thanks for looking over my form.
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