do i need an abn for a hobby business
An ABN is just a number that other businesses and the government can use to identify your business. Itâs kinda like a TFN (tax file number) for your business. Your ABN isnât linked to any one business, either. If you register as a sole trader, you can use the same ABN for multiple enterprises (in my understanding).This is connected to the whole âdo I put my income down on my tax return as a âbusinessâ or a âhobby â. hobby is a spare-time activity or pastime pursued for pleasure or recreation. A business requires some form of investment and enough customers to whom its goods or services can be sold on a consistent basis with the intention of making a profit.