Sending out invoices is your gateway to getting paid for the services you are providing. When you’re self-employed and working under a government-controlled scheme like the NDIS, getting your invoicing right is super important. Your invoice is essentially your request for payment after you have delivered your product or service and has a number of [...]
How tax works for sole traders For sole traders, tax works very much the same as it does for a personal income tax return. Basically, you will need to work out what your taxable income is and report that to the Australian Tax Office (ATO). Understanding the tax time lingo Taxable Income: Your taxable income [...]
With the world still spinning and coming to terms with a new reality under the COVID-19 new world order, many participants, providers and the self-employed are wondering what happens next. Make no mistake, the world has changed permanently, and things will likely never completely return to the ‘old’ normal. But that does not mean life [...]
Building a business from the ground up can be a daunting exercise in any industry. For people looking to build their business within the NDIS, there can be a range of challenges unique to the industry that need to be addressed. For support workers that work hard to provide a caring and personable service to [...]
The NDIS is a growing industry that is benefiting from a newly developed funding model that gives participants choice and control over how they manage their supports. The reality is that the industry needs 10’s of thousands of workers in order to supply the supports that participants need. Importantly, the variety of services needed under [...]
Being self-employed in the NDIS offers a huge range of benefits to support workers and the participants they care for. A big headache for support workers venturing into self-employment is understanding how being a business affects their money. The reality of being self-employed, despite its many benefits, is not without its challenges and when it [...]
The end of financial year means one thing for sole traders… it’s time to sort out your claims! You can claim a deduction on any expense that is directly related to the running of your business. Below you will find a list of what you can and can’t claim as a sole trader What you [...]
The end of financial year means one thing for sole traders… it’s time to sort out your claims! As a rider, you can claim a deduction if the expense is directly related to the running of your business. Below, you will find a list of what you can and can’t claim as a sole trader [...]
Hearing the word “freelancer” is usually associated with time flexibility at work. Indeed, it is true - most or if not all the time, freelancers are free to work at their own timeframes. Although this seems great at the outset (especially for those who are locked in a 9 to 5 job), it actually comes [...]
Being in business for yourself, almost by definition, means we don’t have all the answers and are likely to only have access to very limited resources. Despite this obvious obstacle, entrepreneurs charge ahead because we believe in what we are doing and have confidence that we can work it out. The reality is, that we [...]
