Bookkeeping and accounting for NDIS providers

NDIS Provider Accounting & Advisory

Running a successful NDIS Provider Business is about having the right foundation. We find most NDIS Providers cannot grow and have roadblocks due to not having systems in place to grow multi-location business models.  

Oyster Hub team is NDIS Specialist Accountants and NDIS operational advisors who understand the NDIS Jargon for registered and non-registered NDIS providers. 

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NDIS ACCOUNTING | NDIS BOOKKEEPING | NDIS SCHADS AWARDS

Why You Need An NDIS Accountant?

The NDIS has empowered over 450,000 individuals with disabilities in Australia. This groundbreaking initiative not only empowers them but also fosters inclusivity by ensuring access to essential services with the ability so self-manage, plan manage, and use registered NDIS providers. 

However, delving into NDIS accounting complexities, from managing SCHADS Awards to ensuring compliance with regulations, requires specialised expertise; and traditional accountants may fall short in grasping these. 

At Oyster Hub, we specialise in NDIS business advisory. We ensure compliance, optimise financial efficiency, and enable thriving within the NDIS framework.

Common Problems We Hear From NDIS Providers

Are you Looking for a Award Winning NDIS Accountant & Advisor?

Meet Adarsh, Co-Founder of Oyster Hub. National Award Winning Accountant, Chief Financial Officer (CFO) and Wizard of Accounting.

Adarsh has a strong passion for working with NDIS Providers to build a business that is IMPACTFUL and makes a difference to people with disabilities and helping business owners, committed to helping them reach their business, financial, and family goals.

He is passionate about making a difference in the community and committed towards closing the Gap through various projects involved in regional NSW.

Recognising the unique challenges in the NDIS landscape, Adarsh and his team proactively tackle issues, developing strategies to help NDIS providers to overcome obstacles 

What Does Being an NDIS Accounting Specialist Mean?

“My lifelong passion has revolved around making a meaningful impact. Now, as a member of the advisory and governance team at Oyster NDIS Group, I have the opportunity to amplify that impact even further. Steering the strategic course and providing CFO advisory services for a prominent national NDIS provider with a workforce of over 300+ support professionals, we are dedicated to delivering services on a national scale.”

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Explore How We Help with Business Structure Setup and Advisory For NDIS Providers

Are you an NDIS provider with a large business turnover but little profits and cash flow and have a large ATO debt and outstanding business compliance obligations?

Book a consultation with our NDIS consultant.

Oyster Hub is an award-winning accounting firm with a perfect one-stop solution for NDIS service providers like you.

At Oyster Hub, we specialise in offering expert guidance to help you make the right choices for your business’s structure. Whether you need assistance with setting up your business or managing heavy compliance requirements, we’re here to simplify the process.

We Can Help NDIS Providers with: 
Rescue Tax Accounting for NDIS Providers
NDIS Business Operational Advisory
NDIS Specialist Accounting & Advisory
Tax Minimisation and Group Restructuring
Compliance with SCHADS Awards and Payroll
NDIS Property Finance for your SIL, SDA and STA Houses

Are you overwhelmed and have not found an NDIS service provider till now?

Are you looking for NDIS accounting services?

Rescue Catchup
Accounting For NDIS Providers

Rescue Catchup Accounting for NDIS Providers who will help you get your accounting and taxation obligations back on track.

Your current Accountant & Bookkeeper is not responsive
You have received failure to lodge ATO fines & penalties
You have been issued with Director's Penalty Notice (DPN)
You have outstanding ATO Debt and Lodgements
You are looking for business direction to scale
You are behind on bookkeeping & paperwork
You are paying HIGH Tax Bills

We are offering small business owners who are feeling stuck and are finding it hard to deal with ATO. Our rescue accounting process includes: 

1. Make A Call

Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.

2. Comprehensive Assessment

Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.

3. Second Opinion Report

Once our team has completed the review, we’ll create your Second Opinion Report which includes a detailed overview of our findings and recommended solutions. The report is yours, no strings attached!

Oyster Hub is a cloud based accounting firm similar to Carter’s Tax Advisory helping business owners in Adelaide with rescue accounting related work. 

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NDIS Operational
Business Advisory

This is the Truth. Despite substantial NDIS income, many businesses operate at a loss. Our expertise lies in bridging this gap. We help NDIS providers like you strike the perfect balance, ensuring your income aligns harmoniously with your operational costs. Through our specialised services, we provide tailored solutions to achieve financial sustainability and unparalleled success within the NDIS industry.

SCHADS Awards Advisory

Stay updated with the latest industry standards and regulations through our Schdes Awards Advisory.

HR Review

Enhance your workforce management and policies with our comprehensive HR review services.

Proda Portal

Streamline your administrative tasks and compliance with our efficient Proda Portal support.

Payroll Tax Advisory

Optimise your financial strategy and tax obligations with our expert Payroll Tax Advisory.

Operational Team Advisory

Structure your NDIS team Roosting, Scheduling, Team leaders and Management to drive your business.

Strategic Planning

Working with your business goals, mission and objectives and aligning them to the financial goals for the organisation to succeed.

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NDIS Business Business Charity Setup & Adviosry

We find most NDIS providers operate for the good of the community through programs, advocacy and are passionate about making a difference for people living with disability.

However, they end up paying unnecessary tax obligations which puts most large organisations in a very difficult cash flow position paying high payroll tax, business tax and missing out on government benefits and grant opportunities.

You may be operating in a wrong business model if you are an NDIS provider having monthly payroll costing you over $95k. Our NDIS Advisory includes tax planning, business structure reviews and restructuring your business to suit your mission and minimising  your taxes.

ACNC Reporting and Board Meetings

Get access to guidance in establishing effective board meetings and meeting ACNC reporting requirements to ensure compliance with regulations and standards.

Concessions and Maximising Benefits

We help you identify and leverage opportunities to maximise your financial resources and minimise expenses.

NDIS Charity Salary Packaging

Australian taxation laws provide generous tax concessions for not for profit organisations like Barnardos Australia. One such concession is an exemption for Fringe benefits tax (FBT).

Payroll Tax Assistance

Get insights to help you manage and optimise your payroll tax obligations while ensuring compliance and reducing your tax liability.

NDIS Charities must be registered with the Australian Charities and Not-for-profits Commission (ACNC) before they can be endorsed by the Australian Taxation Office (ATO) to access charity tax concessions.

  • Income Tax Exemption

    Income tax exemption is an exemption from paying income tax, removing the need to lodge income tax returns. Entities that are endorsed as income tax exempt are entitled to a refund of franking credits on franked dividends they receive.

GST Concession

There are a range of goods and services tax (GST) concessions for transactions involving endorsed charities:

  • Gifts and GST credit adjustments – adjustments for GST credits are not required where an item acquired by a business is subsequently gifted to the charity.
  • Accounting on a cash basis – the charity may choose to account on a cash basis regardless of its annual turnover.
  • Non-commercial activities – where the charity makes sales and the payment it receives in return is less than a certain amount, the sales are GST-free.
  • Donated second-hand goods – sales of donated second hand goods by the charity are GST-free.
  • Raffles and bingo – tickets to raffles and bingo sold by the charity are GST-free provided the holding of the raffle or bingo event does not contravene a state or territory law.
  • Fundraising events – the charity may choose to treat all supplies it makes in connection with certain fundraising events as input taxed. The charity is not required to remit GST on supplies made in connection with the event. However, the charity is not entitled to claim GST credits for related purchases.
  • Non-profit sub-entities – the charity has the option of treating any of its separately identifiable branches as separate entities for GST purposes. Provided that the annual turnover of the non-profit sub-entity is less than $150,000, the sub-entity is not required to register for GST. An unregistered non-profit sub-entity does not remit GST on sales and does not claim GST credits for purchases.
  • Reimbursement of volunteer expenses – the charity can claim GST credits for reimbursements made to volunteers for expenses the volunteer incurs that are directly related to their activities as a volunteer of the charity.
  • Salary packaging

    Australian taxation laws provide generous tax concessions for not for profit organisations like Barnardos Australia. One such concession is an exemption for Fringe benefits tax (FBT).

    This means an employer are able to pass on to their employees a proportion of their wages as a reimbursement of personal expenses and no income tax is payable on this money, in effect a proportion of your salary each pay is tax free. (Salary packaging)

    You may choose to package a range of items, such as your mortgage, rent, school tuition fees, private health insurance or even a personal loan repayment, or you may decide to use our convenient Salary Packaging Payment Card (Encompass) to package everyday living expenses including groceries, clothing and utility bills.

    If you choose to package your salary (it is an option) money is deducted from your salary pre-tax. You pay tax only on the remaining portion of your salary not the salary packaged money, significantly reducing the income tax you pay.

  • Packaging a Vehicle

    Barnardos employees working over 17.5 hours per week and employed on pay level 33 or above of the Barnardos Australia Enterprise Agreement 2011 have the option of packaging a vehicle as part of their salary. The Barnardos Australia vehicle is available to you for both business and personal use and is of significant value to our staff.

  • Public Benevolent Institute(PBI)

    A Public Benevolent Institution (PBI) is a type of charity which has a predominant (main) purpose of relieving needs arising from conditions such as poverty, sickness, distress or helplessness. This is known as providing ‘benevolent relief’.

    For a need to attract benevolent relief, it must be significant enough, and the circumstances difficult enough, to arouse a feeling within the community that action should be taken to relieve it.

    The characteristics of a PBI are:

    • it is a charity
    • it is an institution
    • it is set up to relieve needs requiring benevolent relief
    • it relieves the needs through providing goods and/or services which are directed to people who are in need
    • its predominant (main) purpose is providing benevolent relief.

    Examples of public benevolent institutions include:

    • some organisations providing services for the homeless, such as shelters and meals
    • some hospitals and hospices
    • some disability support services
    • some aged care services
    • some providers of low rental or subsidised housing, for people in need
    • some organisations that undertake active fundraising activities to generate income for a partner with a common purpose of providing benevolent relief, where the partner provides services to people in need of benevolent relief.

    PBIs must be registered with the ACNC as a charity and as the PBI subtype of charity before they can be endorsed by the ATO to access tax concessions available to PBIs.

Are you overwhelmed and don’t know what to do?  Looking for NDIS accounting services?

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NDIS Accounting & Taxation Services for Small Business Owners

Proper accounting and taxation is a strong base for small businesses. It helps them watch over all their money matters carefully, from their profits to their expenses.

Our comprehensive bookkeeping and accounting services are designed to keep you on top of your financial records. Let us help you lay the groundwork for lasting success.

Our Tax Refund Review Process is designed to help you navigate the complexities of tax filings, identify potential opportunities for refunds, and ensure compliance with the latest tax regulations.

1. Make A Call
Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.

2. Comprehensive Assessment
Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.

3. Second Opinion Report

Once our team has completed the review, we’ll create your Second Opinion Report wh