Understanding NDIS Service Agreements: Financial Implications – A Detailed Guide

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

Setting Up Your NDIS Business Right: The Foundation for Success

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

GST and NDIS Services: A Comprehensive Guide

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

Keep Your Business Finances Crystal Clear: Why Sole Traders Need Separate Bank Accounts

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

Don’t Risk ASIC Penalties: Why Your Company Needs a Reliable Registered Office

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

Understanding GST Requirements for your AirBnB Business

As the sharing economy continues to grow, many Australians are turning their properties into income-generating assets through Airbnb. But when do you need to register for GST as an Airbnb host? Let’s break it down. Key GST Thresholds for Airbnb Hosts: Real-Life Example: Meet Sarah – A Typical Airbnb Host Sarah owns a two-bedroom apartment … Read more

Understanding PAYG Withholding and Superannuation Guarantee in Australia

In Australia, employers have several important obligations to ensure compliance with tax and superannuation laws. Two key components of these obligations are PAYG Withholding (PAYGW) and the Superannuation Guarantee (SG). This article will provide an overview of these systems, their relationship, and the consequences of non-compliance. What is PAYG Withholding (PAYGW)? PAYG Withholding (PAYGW) is … Read more