ABN Apply Question (online waiting)

binli0114

I am going to apply contractor position in IT field. There are some questions which i am confused when i apply the ABN.
1) For taxation purposes which of the following is the applicant?
Shall i select the Individual (Sole Trader) ?
2) Does the applicant wish to apply for a Tax File Number?
Do i need to apply a new one?
3)Is the applicant required to register for Pay As You Go (PAYG) Withholding?
If i select PAYG, shall i pay?

Thanks

astina

1 你想好你的生意形式是什么，个人的话就是sole trader
2 无所谓啦，ABN应该就够了
3 你的生意雇人吗？不雇人就不需要

binli0114

原帖由 astina 于 2008-4-29 11:37 发表
1 你想好你的生意形式是什么，个人的话就是sole trader

2 无所谓啦，ABN应该就够了
3 你的生意雇人吗？不雇人就不枰?

If i wanna hire my wife as one of employee?

astina

Who should register for PAYG withholding?

The basis for registering for Pay As You Go  (PAYG) withholding depends on whether the entity  is in business or not.

Entities carrying on a business:

An entity carrying on a business is entitled to register for an ABN. Where obligations to withhold payments arise, the entity needs to be registered for PAYG withholding to keep account of these obligations. Such obligations include payments to:

employees for salary and wages
contractors or sub-contractors under a voluntary agreement
labour hire workers
suppliers who have not provided an ABN
an investor in receipt of interest or dividends where a Tax File Number (TFN) has not been quoted
investment distributions, such as dividends, interest or royalties, which are sent overseas.

binli0114

Why is the Individual/Sole Trader applying for an ABN?
Please select the reason that best describes why the Individual/Sole Trader is applying for an ABN.



1.New business in Australia
Select this reason if you have never been in business before (nor had an ABN) under the same business structure in Australia.

2.Purchased existing business
Select this reason where you have purchased or taken over an existing business.

3.Contractor/Sub-contractor
Select this reason where you are contracting/sub-contracting your services.

4.To receive payments for services
Select this reason where you require an ABN to receive payment for services.

5.Re-commenced business
Select this reason where you have re-commenced in business as a sole trader.

6.Change in business structure
Select this reason where the legal structure of your business has changed, for example, from a partnership to a sole trader.

7.Other circumstances?
Only select this reason if none of the above reasons apply.

shall i pick the first one or the third one?

binli0114

Shall i apply this?

Does the applicant wish to apply for Goods and Services Tax?

astina

那你注册的目的是什么你自己不知道吗？

binli0114

原帖由 astina 于 2008-4-29 11:49 发表
那你注册的目的是什么你自己不知道吗？

if i select the third one, can i run business as well?

astina

i think so