I'm thinking of getting an ABN as a sole trader because I want to register an .au domain name to start up a small online business.
I've been told I can register for a sole trader ABN and if I don't reach like $50000 or something in earnings from my business I don't have to do BAS. Is this correct?
Does anyone know if it register for a sole trader ABN; when do I have to do BAS, etc?
I just need more information before I start with this new venture of mine.