Lodging a return for a small Owners Corp without ABN or TFN

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 · Accepted Answer

StevenATO · Answer

There's the possibility you can claim an exemption from supplying a TFN and lodging a tax return. I've got 2 areas on our website I recommend taking a look at - The first is withholding from investment income (https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/payg-withholding/payments-you-need-to-withhold-from/withholding-from-investment-income). You'll see there's a few exemptions from quoting TFN or ABN. The second is does your not-for-profit need to pay income tax (https://www.ato.gov.au/businesses-and-organisations/not-for-profit-organisations/your-organisation/does-your-not-for-profit-need-to-pay-income-tax). You might not need a TFN or ABN. If none of the above is suitable for you, you'll need to apply for a TFN. You can apply for non-individual TFN on the ABR (https://www.abr.gov.au/). Once you have the TFN you can lodge a tax return and can do all this on your own. It's not necessary to use a tax agent, though they can help.

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