Home – New Forums Money matters Some basic tax advice please… Reply To: Some basic tax advice please…

Lis Sowerbutts
  • Total posts: 50
Numberz, post: 10161 wrote:
Hi Amber, you definitely need some professional advice but I will give you some basic principals.

  • If you’re operating a business (not a hobby) you need an ABN

I understood that the only advantage of an ABN is that if you invoice an Australian business without one they will withhold 45% of the invoice for tax. If the OP is not invoicing – and its sounds like he isn’t – what’s the point?