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The Future of NDIS: Trends & Opportunities for Providers

The National Disability Insurance Scheme is an ever-evolving scenario for both NDIS participants and providers. With the recent announcement of the retirement of NDIS minister Bill Shorten, it seems like the future and growth of the NDIS remain unpredictable.  Disability service providers are at the helm of an evolving ecosystem that demands agility, innovation, and […]

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How to Use NDIS Data to Make Smarter Business Decisions

Running a small business in Australia, especially one that caters to the National Disability Insurance Scheme (NDIS), can be incredibly rewarding. But its complexities can feel like trying to navigate the Great Barrier Reef blindfolded. At Oyster Hub, we’re all about providing support within the NDIS. In fact, there is a secret weapon that can

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How to Avoid Common Accounting Mistakes Made by NDIS Providers

Navigating the intricacies of the National Disability Insurance Scheme (NDIS) can be daunting, especially when it comes to accounting. As an NDIS accountant and a trusted small business accountant, Oyster Hub understands the unique challenges faced by businesses in this sector. In this comprehensive guide, we’ll delve into the common accounting hurdles encountered by NDIS

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Bookkeeping for NDIS Business: What You Need to Know

Running a small business that supports people with disabilities under the NDIS scheme is incredibly rewarding. You get to make a real difference in people’s lives while we manage your payroll and bookkeeping for NDIS businesses. But let’s face it, the administrative side of things can feel overwhelming, especially record-keeping. Oyster Hub understands the unique

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Tax Deductions For NDIS Business: Maximise Your Savings with the right Accountants

Running an NDIS business is incredibly rewarding, as you’re making a tangible difference in people’s lives. However, managing the financial side can be overwhelming. Between NDIS regulations and tax obligations, it’s easy to feel lost. As an NDIS business ourselves, we understand your challenges. Filing your annual tax returns can sometimes feel like the Wild

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SCHADS Awards in 2024: What NDIS Providers Should Know

Understanding your obligations as an NDIS service provider can be complex, particularly when it comes to industry standards and guidelines. A major guideline that governs NDIS employers and employees is the Social, Community, Home Care and Disability Services Industry Award 2010, otherwise known as the SCHADS Award.   While the SCHADS Award can be overwhelming, it’s

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5 Things to Look for in an NDIS Accountant

Navigating the NDIS industry as a business in the industry can be overwhelming, particularly when it comes to managing your administration and finances. Did you know that managers waste over 19 hours a week on administrative tasks? That’s a lot of time from doing actual client work.  While it’s tempting for business owners to try

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Super Payment Due Dates in the 2023-2024 Financial Year

Understanding super payment due dates is crucial for every employer in Australia. These deadlines play a significant role in the Australian fiscal year, ensuring that both employers and employees can secure a stable retirement future. Key Takeaway: By comprehending and adhering to your super payment deadlines, you can safeguard a secure retirement for yourself and

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Navigating Director Penalty Notices: A Guide for Australian Directors – Australian Taxation Office Insights

Effective Management of Director Penalty Notices (DPNs) is Essential The ATO is applying pressure to collect debts by sending Director Penalty Notices and Director Penalty Notice Warnings to directors with outstanding ATO debts that do not have payment arrangements in place. Receiving a Director’s Penalty Notice (DPN) can be a stressful and intimidating experience for

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Understanding the Super Guarantee Charge Statement | Superannuation Guarantee

Understanding the Super Guarantee Charge Statement is crucial for all Australian employers. The Superannuation Guarantee Charge (SGC) ensures that employees receive their rightful superannuation contributions on time. This system helps maintain financial security for employees upon retirement, making it a vital part of Australia’s superannuation framework. The following sections of this article will cover: Definition

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