Obtaining an ABN and requesting the various other tax registrations is relatively straightforward.

But there are still tricks and traps.

You need to ensure you complete the applications correctly, especially your ABN application.

Because they form the basis of how you are classified at the ATO and other Government agencies from that day forward. And your answers will play a big roll in determining how the ATO will measure your reporting and potentially determine when and if you will be selected for audits or other further analysis.

The registrations you need to consider include –

• Your ABN, including which entities in your structure are entitled to one, and which are not
• Tax File Numbers (“TFNs”)
• Goods & Services Tax (“GST”) Registration, including which entities should be registered, what basis to lodge on and what frequency
• Pay As You Go Withholding (“PAYGW”) including frequency of reporting
• Payroll Tax.

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