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Australian Taxation Office. Update your ABN details. ABN Lookup. Australian Business Register. Update your company details. Learn how to update your company details on the ASIC website. Update details with your state or territory government. Find contact details for state and territory governments.

Australian Government. Read next. Learn more about changing your business structure. Changing your business structure. Find out how to manage change in your business. How to manage change in your business. About Us. Quick Links. Related Sites. Subscribe to our newsletter. Call us 13 28 To adapt, you may have provided your employees different benefits to those you usually provide, and these may be exempt from FBT.

Your company is a separate legal entity from you as a director or shareholder. The money your business earns and its assets belong to the company. If you have made a mistake or left something out of your previous tax returns, you can lodge an amendment. You can claim GST credits for most business purchases. However, there are some things that are GST-free or that you can't claim for various reasons. Things such basic foods, some medical goods or services and other items are GST-free.

Check your tax invoices and only claim the amount of GST shown. If you use an item for both personal and business use, you can only claim the business portion. There is no GST on wages you pay to staff. There are also some property transactions where you can't claim GST credits. For example, you can't claim GST credits when buying a property using the margin scheme or build-to-rent developments. As part of your record keeping, remember to keep your tax invoices.

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