Tag Archives: Government

Why do I need a…ABN TFN GST…?

What do the acronyms mean?

Yes they are all TLAs (Three Letter Acronyms) but what are they for, and why do I need them? Tax file number (TFN) A company (or trust, partnership) needs to apply for a TFN and use it when lodging its annual tax return. Banks will also want this information to avoid collecting a withholding tax […]