Starting a business in Australia?
If you are planning to do work that requires you to invoice, then yes you are starting a business. Whether it is as an actor or artist of any sort, if you invoice then one of the first things you need is an Australian Business Number (ABN).
In this blog post, we’ll walk you through the process of obtaining an ABN, with an emphasis on the steps discussed in our podcast episode, “How to apply for an ABN in Australia – Step through the online form with explanations.” So, grab a cup of coffee, get your laptop ready, and let’s dive in!
Two things to note:
- If you do not have or do not supply your TFN then you will have to wait to be issued your ABN. So it is better to have that before commencing.
- There are website that will pop up in your google search for ABR that appear to be the application page but are actually private companies trying to submit your details on your behalf and charging you for the service. Getting an ABN is FREE. Make sure you are at the actual ABR government website.
Step 1: Gather the Necessary Information before heading to the ABR website.
Make sure you have the following details handy:- Your personal contact information (mobile number or email address) – Your business activities, Your tax file number (TFN), if you have one.
Step 2: Open your web browser and navigate to the Australian Business Register (ABR) website. This is where you’ll find all the information you need to apply for an ABN.
Step 3: Start the Application Process on the ABR website, look for the “Apply for an ABN” section and click on the relevant link. This will redirect you to the online application form.
Step 4: Provide Personal and Business Information. Follow the prompts and fill in your personal contact details, such as your mobile number or email address. Remember, for a sole trader, your business address is usually the same as your home address.
Step 5: Specify Your Business Activities. Clearly define your main business activity, such as theatre production, acting, or video production, visual artist etc. After receiving your ABN, you can add up to four additional business activities to your record.
Step 6: Confirm Your Eligibility. As a recent graduate starting a business, ensure that your activities are of a reasonable size and scale based on your current position. Remember, it’s not necessary to meet all the indicators of running a business, but there should be several present. Even if you have not started your ‘business activities’ you have intention to so
Step 7: Declare the Information is Accurate. Read the declaration carefully and provide your written consent that the information you’ve provided is true and correct. You can submit the form yourself or authorize someone to do it on your behalf.
Step 8: Complete and Submit the Application. Double-check all the information you’ve entered. Once you’re confident that everything is accurate, click the submit button. Sit back, relax, and wait for your ABN to arrive via email.
Applying for an ABN is an essential step in establishing your business in Australia. By following these step-by-step instructions, you’ll be able to navigate the online application form with ease.
Remember, it’s crucial to provide accurate information and update or cancel your ABN if any changes occur. If you’re a recent graduate starting your own venture, take advantage of the support available and don’t hesitate to seek professional advice when needed.
Now, go ahead and apply for your ABN – your business journey awaits!