ABN facts and fiction
To help you understand Australian business numbers (ABNs) better we've put together a short video series to help you tell facts from fiction when it comes to ABNs.
If you have ever wondered what an ABN can and can't do, test your knowledge below to find out.
ABNs and the tax free threshold
Most people who have an ABN are required to lodge an annual income tax return. If you carry on a business then you need to lodge an annual income tax return. The requirement to lodge is irrespective of whether the business is reporting a profit or loss and is not subject to the tax free threshold.
For more information: