If you want to lodge a tax return in Australia you will need a tax file number (TFN) to do so.


What is a tax file number?

TFNs, Tax file numbers are a nine digit number issued by the Australian Taxation Office.  Your TFN is yours for life and is the same number even if you change your name, change jobs, move interstate or go overseas.  It is an important part of your tax and superannuation records, as well as your identity.

How do I apply for a tax file number?

A new taxpayer receives a tax file number within about a month of making an application and providing proof of identity.  How you apply for a TFN will depend on your circumstances:

Application for TFN, Tax file number.

Business and TFN’s, Tax file numbers

The type of TFN that you need depends on your business structure.

If you operate a partnership, company or trust, your business will need its own TFN.

A TFN can be obtained at the same time as an Australian Business Number (ABN), using the same application form.

Sole traders use their own personal TFN.

If you are in business or thinking of going into business and need accounting, taxation or bookkeeping services contact ND Accounting and taxation on 4272 3048.  Natasha services Warrawong, Shellharbour, Wollongong, in fact all of the Illawarra and works alongside businesses to develop business plans, manage the bookkeeping, identify risks and the structure for taxation as well as implementing financial management systems.

You can view other tax tips for small businesses here.