Williamson County lifted the burn ban for unincorporated areas of Williamson County today, Monday, August 15, 2016. Please be cautious with any outdoor burning activity. Outdoor burning must be conducted under state regulations found in Texas Administrative Code Section 30 TAC 111.219.
An ABN is just a number that other businesses and the government can use to identify your business. Itâs kinda like a TFN (tax file number) for your business. Your ABN isnât 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 âdo I put my income down on my tax return as a âbusinessâ or a âhobby 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.
Posted. I do, and I have an ABN and am set up as a sole trader business. If you are planning on taking less than $5000 a year it classifies as a hobby and you won't need to declare anything, but if people buying from you start to want receipts, you will have to register an ABN.xpenses can't be claimed for a hobby. So you would need to weigh up which is more suitable at this stage. I would say you'd need to declare the hobby income also. If you have set up costs and ongoing materials etc, maybe a business is viable as there are deductions for the expenses.