The 2025 budget, released amidst significant deficit projections, introduces a mix of tax cuts, compliance measures, and regulatory changes. Key highlights include a reduction in personal income tax rates, a two-year ban on foreign property purchases, and a 20% reduction in student debt. The budget also focuses on increasing ATO compliance activities and strengthening regulations … Read more
Boost Your NDIS Business with Xero: The Ultimate Accounting Software In the fast-paced world of NDIS businesses, staying on top of your finances is crucial. That’s where Xero, a leading online accounting software, comes into play. Let’s explore why using Xero can be a game-changer for your NDIS business, from sending invoices to accepting bank … Read more
Stay Ahead of the Game: Key Tax Deadlines and the Benefits of a Registered Tax Agent As we march through 2025, it’s crucial to stay on top of important tax deadlines to avoid any last-minute stress or penalties. At I DO TAX, we’re here to help you navigate the complex world of tax obligations with … Read more
Why Having a Service Agreement is a Game-Changer for NDIS Providers and Participants Imagine you’re about to embark on an exciting adventure, like a treasure hunt. You wouldn’t set off without a map, right? Well, in the world of NDIS, a service agreement is your treasure map! It guides both providers and participants through the … Read more
Fringe Benefits Tax (FBT) is a tax paid by employers on certain benefits provided to their employees, or to their employees’ family or other associates. Unlike income tax, FBT is calculated on the taxable value of the fringe benefit and is separate from the employee’s salary or wages. The FBT year runs from 1 April … Read more
As trusted NDIS accounting specialists with over a decade of experience, I Do Tax presents this comprehensive breakdown of service agreement financials. Our expertise in supporting small and medium-sized NDIS providers enables us to offer detailed insights into creating financially sound service agreements. PRICING CONSIDERATIONS Setting the Right Rates NDIS Price Guide Compliance Cost Structure … Read more
Starting an NDIS provider business presents exciting opportunities, but success hinges on establishing robust foundations from day one. At I Do Tax, with over a decade of experience supporting NDIS providers, we’ve seen how proper initial setup can prevent costly complications down the track. Why Proper Setup Matters The Australian tax system’s complexity, combined with … Read more
Understanding GST obligations is crucial for NDIS service providers in Australia. As specialists in NDIS accounting, I Do Tax presents this guide to help you navigate the complexities of GST in the NDIS sector. GST Registration Requirements: GST-Free vs. Taxable Supplies: Reporting Obligations: Best Practices and Tips: Seeking Professional Support: At I Do Tax, we … Read more
As a sole trader, mixing personal and business finances might seem convenient, but it’s a path that often leads to headaches come tax time. At I Do Tax, we’ve seen countless business owners struggle with untangling their financial web when they’ve kept everything in one account. Let’s explore why maintaining separate accounts is crucial for … Read more
Every Australian Company Must Maintain a Registered Office It’s not just a legal requirement; it’s your company’s official address for receiving important legal and government documents. Yet, many business owners underestimate its significance until it’s too late. Real Consequences of Non-Compliance Recently, a Melbourne-based company learned this lesson the hard way. After relocating their business, … Read more