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Australia eBay & Paypal General discussions about eBay.com.au Suspensions and Paypal.com.au limited accounts. This forum is geared towards AU.

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  #1  
Old 03-22-2015
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Default Business, enterprise, corporation etc...

I'm a bit confused with all the information out there, I hope you can help me better understand how it works.
I started with 100$ in my bank, now I got my first ABN(AU business number), having problems with the 20k-200 limits and a tax review on a couple of Amazon accounts.
If i'll give them my ABN i obviously can't give it again so what should i do?
1) Make more ABNs? how far i can go?
2) Form an enterprise/corporation/company or whatever and then i can make as many tax id's as i want? what would be the best way?
3) From reading couple of threads i understood that probably a partnership will be best option? does it apply only for US?

Can somebody please help me understand whats the best way to deal with those limits?
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

These accounts are USA based?
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

Nope, all Australian. Soon will be European and my next stop is US. Hopefully i'll also make a business trip to China this year.
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

you have a 200 item 20K law in AU?
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

99% sure we do, i'm about to hit 150 sales on many accounts and i got hit with the 50 transaction limit on couple of accounts with amazon so i'm trying to figure what to do now because i dont have many tax id's...
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

Quote:
Originally Posted by yankee View Post
you have a 200 item 20K law in AU?
No we do not.

OP is confusing US business practices with Australian ones.
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

Quote:
Originally Posted by GreenBean View Post
No we do not.

OP is confusing US business practices with Australian ones.
Thank you.
That is what I thought.
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

Quote:
Originally Posted by Klemantina View Post
99% sure we do, i'm about to hit 150 sales on many accounts and i got hit with the 50 transaction limit on couple of accounts with amazon so i'm trying to figure what to do now because i dont have many tax id's...
Amazon typically has a 50 item limit before requesting tax info. They make up rules instead of following local laws and regulations.
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

Think he's referring to PayPal/Ebay forwarding stealth account information to the ATO once he reaches 20k in transactions.
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Old 03-22-2015
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Default Re: Business, enterprise, corporation etc...

Yeah i mean the 20k ATO and amazon tax problem, i'm not planning to avoid paying taxes i'm just trying to understand how to pass the paypal/amazon limitations, any help?
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Default Re: Business, enterprise, corporation etc...

In US you use a company to create many EIN's or something like that but here i'm not sure it's possible and how much it worth... I know there are at least 3 people on this forum who know how to deal with this problem so i'm trying my luck here before i'm bothering my accountant which probably not an expert in this area.
Please, any help will be very appreciated.
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