Williamson County lifted the burn ban for unincorporated areas of Williamson County today, Monday, August 15, 2016. Please be cautious with any outdoor burning activity. Outdoor burning must be conducted under state regulations found in Texas Administrative Code Section 30 TAC 111.219.
An ABN is just a number that other businesses and the government can use to identify your business. Itâs kinda like a TFN (tax file number) for your business. Your ABN isnât linked to any one business, either. If you register as a sole trader, you can use the same ABN for multiple enterprises (in my understanding).This is connected to the whole âdo I put my income down on my tax return as a âbusinessâ or a âhobby â. hobby is a spare-time activity or pastime pursued for pleasure or recreation. A business requires some form of investment and enough customers to whom its goods or services can be sold on a consistent basis with the intention of making a profit.
In terms of you running your own business, you are entitled to an ABN if you have a business rather than a hobby and are not carrying out the business tasks as an employee for someone else. Sometimes, it is the definition of business versus hobby that confuses people.Essentially, if you are treating it as a business with the serious intention to make money from it, it is probably a business. Check with the ATO if you are unsure of your status. It is possible to run a business without an ABN.BN literally stands for Australian Business Number. Like a Tax File Number (TFN), it is a unique number that represents that business to the tax office and other official bodies. When registering for an ABN, you also have the option of registering for GST and PAYG (tax withdrawals for employees.).