If your ABN details are out of date, you risk missing out on important assistance, updates or opportunities such as financial grants.
You have a responsibility to keep your ABN details up to date. You must:
• update any information within 28 days of becoming aware of any changes to your ABN details.
• cancel your Australian business number (ABN) if your business has sold, closed down, or stopped operating.
• understand the impact changing your business structure will have on your business and clients.You may need to cancel your Australian business number (ABN) and apply for a new one
Keep your details in order ensure:
• the right people have the right permissions to act on behalf of a business.
• you’re ready for new government services when they become available.
For more information on how to update your ABN details, visit the ATO website here or speak to us.
Give us a call on 07 5500 0898 or email info@mjmaccountants.com.au.
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