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ChezL's avatar
ChezL
Contributing User
6 months ago
Solved

ABN

Hi @GenrevGenreve_S​ 

 

Thank you for getting back to me, I figured that would be how it should be done. I will check with accountant anyway. Just another question he contracted for a short time using our Partnership ABN at Anytime Fitness how and where would that income be allocated.

 

Thanks

Chez

  • Genreve_S's avatar
    Genreve_S
    6 months ago

    Hi ChezL, 

     

    I’m not in a position to give tax advice, but generally, if he did some transactions under your partnership ABN, you can record it in the partnership MYOB file; anything not under that ABN stays separate. Best to double‑check with your accountant to be safe.

     

    Regards,
    Genreve 

1 Reply

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    6 months ago

    Hi ChezL, 

     

    I’m not in a position to give tax advice, but generally, if he did some transactions under your partnership ABN, you can record it in the partnership MYOB file; anything not under that ABN stays separate. Best to double‑check with your accountant to be safe.

     

    Regards,
    Genreve 

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