ATO and tax
GST and cash flow: why the bank balance can mislead you
GST included in customer payments can make available cash look larger than it is. Plan for the amount you may owe when your BAS falls due.
2 min read
Explore by topic
Starting a business
Structures, registrations and the first practical decisions. Choose a guide for context, then use a worksheet or calculator when it helps with a specific decision.
Guides and lessons
Starting a business
How do I apply for a director ID?
If you are or will be a company director, you must apply for your own director ID before you're appointed. It's free, and the fastest way is online through ABRS online using myID.
5 min read
Starting a business
How do I get an ABN?
You can apply for an Australian business number (ABN) for free through the Australian Business Register (ABR) if you're carrying on or starting an enterprise. If your application has everything needed, you get your ABN as soon as you finish.
5 min read
Starting a business
How to test whether a business idea is viable
A promising idea becomes a stronger plan when real customers show interest, the numbers work and you can deliver consistently.
2 min read
Starting a business
Should I be a sole trader or a company?
A sole trader is simple and low-cost, but you are personally liable for all business debts. A company is a separate legal entity with limited liability for members, but it costs more to set up and run and brings more reporting and director duties.
6 min read
Starting a business
Starting a business: a practical checklist
Work through the decisions in a sensible order. Test the idea and cash needs before paying for premises, stock or an elaborate setup.
2 min read
Starting a business
What is the difference between an ABN and an ACN?
An ACN (Australian Company Number) is a 9-digit number that only companies have, issued by ASIC. An ABN (Australian Business Number) is an 11-digit number any type of business can have. Most companies have both.
4 min read
Starting a business
What to check before buying a business
The price is only one part of a business purchase. Check whether the earnings, assets and relationships can actually transfer to you.
2 min read
Starting a business
When do I need to register for GST?
You must register for GST when your GST turnover is $75,000 or more ($150,000 for non-profits), and within 21 days of becoming required to. Taxi, limousine and ride-sourcing drivers must register regardless of turnover.
5 min read
Starting a business
Where do I find my director ID?
Log in to ABRS online with your myID to see your director ID number and status. If you can't log in, or you applied on paper, check your myGov inbox or contact the ABRS.
4 min read