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To view our knowledge base click the following link: Knowledge base
take our free Business Health Check and receive bespoke, obligation free advice suited to your needs within minutes.
Otherwise – click here to book a free appointment, call me anytime on 1300-327123 (till late), or click the chat tool – bottom right corner to instant chat now
Having too few (or no) debtors might mean that your business could expand its business by offering to the right clientele some limited credit facilities?
To schedule a free review of your current business structure click the following link: Book a meeting instantly
To view our knowledge base glossary – for the definition of a term click the following link: Glossary of terms
To view our knowledge base click the following link: Knowledge base
take our free Business Health Check and receive bespoke, obligation free advice suited to your needs within minutes.
Otherwise – click here to book a free appointment, call me anytime on 1300-327123 (till late), or click the chat tool – bottom right corner to instant chat now
To schedule a free review of your current business structure click the following link: Book a meeting instantly
To view our knowledge base glossary – for the definition of a term click the following link: Glossary of terms
To view our knowledge base click the following link: Knowledge base
For any other questions chat with us now using the live chat icon in the bottom corner of your screen.
For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).
take our free Business Health Check and receive bespoke, obligation free advice suited to your needs within minutes.
Otherwise – click here to book a free appointment, call me anytime on 1300-327123 (till late), or click the chat tool – bottom right corner to instant chat now
We do recommend in most case that your business has an ABN. Watch the below video to consider why.
For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).
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Transcript:
Fast facts video business asset protection should you have an ABN? this is a very very basic question? should your business have an ABN? but if you’re buying or selling at all once you get to $75,000 turnover you’ve absolutely got to have it if you’re buying goods – there’s a very good chance and actually if you’re buying services as well there’s very good chance that you’ll be buying goods or services and include a GST component so you will want to be registered for GST so that you can claim the input cost of those items For example: if you buy this pen for $100 and you can and you sell it for $200 you claim $10 or actually $9.10 this pen costs $91.90 without GST and $100 with GST you then go and sell it for $200 you sell it for $181.80 plus 10% GST so you’re collecting GST and your paying GST by being registered for GST you get the inputs now the bad news is that you also have to pay the GST but that’s why you want to have an ABN – so that you can claim all the inputs another very very good reason is as your business grows you’ll want to borrow and without an ABN, without a record of all your dealings with the tax office without more taxes paid there’s very good chance that you won’t be able to get funds to accelerate and grow your business without an ABN, without a trading history, without bank statements and all the rest but certainly not without an ABN so we highly recommend it we can give you links here on this page you can subscribe to our videos by clicking the subscribe button down in the bottom right hand corner of the YouTube screen and we hope to see you soon on another video thank you
For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).
What to do next
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