As a sole trader, applying for an ABN online might bring up a few questions and issues:
In this article, you’ll find all the information you need to get your ABN without spending hours researching online or spending too much money. We’ll be covering:
Looking to apply for an ABN right away? Get your ABN online with Register My ABN today!
There are three main ways to apply for an ABN:
Let’s take a look at all three options one by one.
Register My ABN is an all-in-one business registration platform in a simple-to-use website designed for small businesses, freelancers and sole traders in Australia.
We’ve built our website specifically for freelancers, which means we’ve made it as easy and simple as possible to register for an ABN.
The benefits of applying for an ABN with Register My ABN is:
You will need:
We currently only offer ABNs for individuals/sole traders. If you're a business owner and want a company ABN, you’ll first need to register for your company, pick a business name and use the other methods listed below.
You can apply for an ABN through the Register My ABN website. You’ll be asked a series of questions including:
These questions help us understand whether you’re eligible for an individual/sole trader ABN and if you can carry out a business in Australia.
The second option is to hire an accountant to help you apply for an ABN. They will likely charge an additional fee unless you’re already a client or plan to use their services again.
Where can you find accountants? Some ideas are:
You can go through the Australian government’s website and apply for your ABN details on the Australian Business Register. It’s free and your application can take up to 20 business days to be reviewed.
Before applying for an ABN through Australian Business Register:
Here are the steps to applying for an ABN via the ABR:
You can see how your application is doing with the ABN Lookup tool.
An ABN is an Australian Business Number issued by the Australian Business Register (ABR) which is managed by the ATO (Australian Taxation Office). It’s an 11 digit number that helps you get paid and manage your business transactions for tax purposes.
You can’t invoice for work performed without an ABN, which is why it’s essential to get an ABN for your business.
Once you get your ABN, you’ll be able to register for GST (Goods and Services Tax), register for PAYG (Pay As You Go) if you’re hiring employees and register your business name.
Depending on the kind of business you run and your business structure, there are different types of ABN for you to consider while filling out the application:
Once you’ve submitted your ABN application, there are three possible outcomes:
1. Your application is successful
If your application is successful, you’ll receive your ABN number immediately. That means you can start to invoice clients and apply for other business registrations. Your details will automatically be added to the Australian Business Register.
2. Your application needs more information
In some cases, the ABR might need more information from you. You’ll receive a reference number with some questions requesting more information. If your application has been approved, you’ll get a confirmation and your ABN in 14 days.
3. Your application is turned down
If your application is unsuccessful, you’ll be given a “refusal number”. The ABR will send you a letter within 14 days explaining why your application was refused and what other options are available to you.
It depends where you get your ABN. Here are a few options:
If you register through the Australian Business Register (ABR), it is free, but often harder and slower
That’s why paid ABN registration services like Register My ABN are used by thousands of Australians to get an ABN - it’s simpler, faster, and helps you be ready to be paid faster.
There are four main ways to get an ABN number:
You can read more here: How to apply for an ABN
It depends on whether the activity you are being paid for can be classified as a hobby or a business. This Australian’s Government page clearly defines the difference between the two. If it’s clearly a business transaction, then you’re better off getting an ABN - although make sure to consult with an accountant if you aren’t sure.
Getting an ABN for your business doesn’t have to be tough or complicated. With Register My ABN, you can get an ABN within minutes. We hope this article on how to apply for an ABN online has provided you with all the information you need to get an ABN quickly so that you can focus on growing your business instead of dealing with admin.