ATO recommends updating ABN details

ATO recommends updating ABN details for disastrous reasons

The ATO has provided a novel, though important, reason for businesses to update their ABN details: to help businesses to manage the coming disaster season.

ABN details are used by emergency services and government agencies to help identify and contact businesses during times of emergency and potential disaster.

Therefore, to make sure they don’t miss out on receiving important information, the ATO asks that businesses update their ABN details, including authorised contacts, physical location, email and phone number.

Also, if a taxpayer is no longer in business, the ATO asks they cancel their ABN so they aren’t contacted unnecessarily.

Need a second opinion on your business accounting and tax to see if you are missing out on opportunities to reduce your tax bill, cut costs, improve cash flow or make more money? Call Omnis Group Accountants and Xero Cloud Specialists in Perth on 08 9380 3555.

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