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20 Aug 2024

  1. How to finalise a lodgement for a business that did not trade (no income or expenses) and bank accounts have already been closed?
  2. Can i de register a business before submitting a tax lodgement if the company has not traded?
  3. Do i need business bank accounts for tax lodge if business never traded?


402 views
3 replies
402 views
3 replies

Most helpful response

Most helpful reply

PollyATO(Community Support)Community Support
22 Aug 2024

Hey @andrew_brown149,


We forgot to mention, if you're trading as a business, you'll need to cancel your registered business name with ASIC too.



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MeghaATO(Community Support)Community Support
21 Aug 2024

Hi andrew_brown149,


If you've registered a business but haven't started, you must cancel your ABN.


Check out our website for more info!

22 Aug 2024

Hi,

We are a company, currently trying to reactivate abn to allow for us to put through tax lodge then will be cancelling. In regards to tax lodge for company bank details have already closed does this matter.

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How do i organise a tax lodgement if my business never traded? | ATO Community