Self publishing author as a sole trader

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An ABN has its own sets of obligations and you need to be carrying on or starting a business to hold an ABN. If you contract people to edit or create cover work for you, your obligations will be different than if you employ them. When employing someone there are additional obligations in relation to registering for PAYG withholding and meeting your super obligations for eligible employees. Additionally, you would have to meet other federal, state and territory regulatory obligations such as payroll tax, workers compensation, and operating licences. An ABN is used in business dealings on tax invoices. So, when you provide services to someone you would issue an invoice which should include your ABN and other details. On the other hand, there could be withholding obligations for you when the overseas seller does not quote an ABN. You may wish to speak to a tax agent or accountant to look at the types of business registrations you will need. Have a look at the registration obligations for businesses, tax invoices and withholding obligations from a foreign resident for further information. All the best!

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