Can you run a business without an abn

It is not compulsory for businesses to register for an ABN, however getting an ABN is free and makes running your business easier, particularly if you have to register for other taxes like GST. Without an ABN, other businesses must withhold 47% from payments they make to you for tax purposes.

Does your business need an ABN? It's not mandatory for a business to have an Australian business number (ABN), but there are a few good reasons why you should.

If you're a sole trader expecting annual turnover of more than $75k you must apply for an ABN and register for GST. Whilst you may be able to operate without an ABN if your turnover is less than $75k, as we've outlined above it's not always the best option.

If you're a sole trader expecting annual turnover of more than $75k you must apply for an ABN and register for GST. Whilst you may be able to operate without an ABN if your turnover is less than $75k, as we've outlined above it's not always the best option.

It is not compulsory for businesses to register for an ABN, however getting an ABN is free and makes running your business easier, particularly if you have to register for other taxes like GST. Without an ABN, other businesses must withhold 47% from payments they make to you for tax purposes.