Self-managing your National Disability Insurance Scheme (NDIS) budget can give you more control and flexibility.
However, it also comes with important tax responsibilities – especially if you’re hiring support workers directly or receiving NDIS funding as a participant, nominee, or plan manager.
Businesses facing financial challenges must take proactive steps as the end of the financial year approaches to ensure compliance and set a foundation for recovery.
The Australian Taxation Office (ATO) has intensified efforts to recover debts, leading to a surge in insolvencies and restructuring plans.
As we approach the end of the financial year, it’s a great time to review your superannuation strategy – especially if you haven’t used up your concessional (pre-tax) contribution caps in recent years.
Thanks to the ATO’s carry-forward contributions rule, you may be able to boost your super and gain a tax advantage by topping up before 30 June.
As the end of the financial year (EOFY) approaches, it’s time to get your business records in order and ensure everything is ready for tax time.
EOFY can feel overwhelming, but with a bit of preparation and guidance, you can wrap things up smoothly and even find opportunities to strengthen your financial position for the year ahead.