If you have an ABN you’re also responsible for keeping the ABN Business Register up to date. Here’s how to update your ABN details. When you receive an Australian Business Number (ABN), it then becomes your obligation to keep those details up to date on the Australian Business Register. It might be fairly straightforward to remember to update a change of address when you move company offices. But it’s not always as easy to remember that directors, shareholders and partner information must all be kept up to date as well. How to Check Your ABN As a first step, you’ll want to check your ABN to se ..read more

If your business situation has changed, you might be asking yourself, ‘when should I cancel my ABN’? Here’s what you need to know and how to do it. You’ve been running a business and using your ABN. But now your situation has changed. Maybe you’re taking time off to raise a family. Maybe you’ve taken a role as an employee? You might be asking yourself, ‘should I cancel my ABN?’ What is an ABN? Before we dive in, what is an ABN? ABN stands for Australian Business Number. It is a unique 11-digit number that identifies your business. With it, you can issue tax invoices, pay suppliers and pay your ..read more

Choosing the perfect business or company name can be a little bit tricky. As a new business owner (or potential business owner) you’ll likely spend quite a bit of time searching out a name that is both memorable and communicates what your business is all about. But thinking up the right name is only the first step in the process. In order for it to be registered here in Australia, it also needs to be unique. And that means it can’t have been registered by anyone else already. But what is ‘company’ name registration? How is this different from ‘business’ name registration? And how can you check ..read more

With modern society so heavily reliant on the internet, businesses without their own domain names or websites are slowly beginning to fall behind. Choosing to register a domain name for your business will help you accelerate your exposure to potential customers and clients — launching your business into the spotlight. Domain name registration allows your business to have an online presence; a vital part in establishing your brand and legitimacy. Having an online presence allows you to reach a wider audience as millions of online users can now reach your website. This may not happen instantly ..read more

The ABRS has introduced Director Identification numbers (Director ID) as of 1 November 2021. This is a new requirement for all directors of Australian companies.  What is the Director ID? The Director ID is a unique 15 digit number that is attached to the individual. This means even if you are a director of multiple companies you will just need to apply once and this number will be used across companies.  What is the purpose of a Director ID? The Director ID is required by law, the implementation aims to assist in verifying company activity and management by:  – Preventing the ..read more

Starting a new business is an exciting and nerve-wracking new chapter. Although each venture is different and there is no perfect recipe for success, there are some key questions to ask yourself when starting a business. 1. What are you hoping to achieve? The motto of any potential new business owner should be ‘research, research, research’. Get to know your customer, your competition, and your mission. It is essential that you know what you are hoping to achieve by starting a business, whether selling a particular product, delivering a service, or filling a gap in the market – having a clear ..read more

Knowing how to register a company in Australia shouldn’t be a daunting process, and we’re here to help you understand all of the requirements involved. What is the difference between a company and a business? Before starting the registration process, it is important to understand the difference between a company and a business, as this ensures you choose the best structure for you and your needs.   A company is a distinct legal entity with its own rights and obligations and exists separately from the individuals that run it. A company can be operated by a sole proprietor who fulfils all o ..read more