Bonus Episode: ABN AND GST Compliance

Did you know as a business owner you are responsible for checking the ABN validity of a supplier before every single payment? Where the supplier doesn’t have an ABN or it’s no longer active, you must withhold PAYG at 47%.

In this bonus episode, we announce the release of a NEW compliance tool called the ABN & GST Checker – and share some important legislation information you should be familiar with.

Access the NEW ABN & GST Checker Tool here: https://www.sixtyforty.io/abn-checker/

By building the ABN & GST Checking tool, we hope to make one step towards helping small business owners, their bookkeepers and advisors be compliant.

If you would like to show your support for Everything Small Business, we would be grateful to receive your rating and review of the podcast and hit ‘subscribe’ or ‘follow’ on your favourite podcast app.

RESOURCES
Access the ABN & GST Checker Tool here: https://www.sixtyforty.io/abn-checker/

ATO approved form ‘Statement by a supplier not quoting an ABN’: 
https://www.ato.gov.au/forms/statement-by-a-supplier-not-quoting-an-abn/

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CREDITS
Host: Sheree Cusack

Everything Small Business is a podcast by sixty:forty

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