When you operate an NDIS (National Disability Insurance Scheme) business, your primary focus is on delivering top quality care to your clients. However, this commitment comes with a set of financial challenges. Some of these financial challenges include:
- Registering as an NDIS provider
- GST registration
- NDIS auditing requirements
- NDIS compliance and competence
Schofields Accountants, your reliable NDIS accountant, understands these challenges and is here to assist you in ensuring that your business not only thrives but also stays compliant with NDIS, ATO, and other regulatory standards.
1. Supporting You Through NDIS Registration
Whilst many of our clients approach us after they have registered for NDIS, we are very aware that navigating this intricate process of NDIS registration can be overwhelming. Our team at Schofields Accountants offers expert guidance throughout this process, ensuring that you complete complex forms accurately and assemble the required documentation.
What sets us apart is our personalised approach. We understand that every NDIS provider is unique, and that’s why we tailor our services to your specific needs. We assess your business’s eligibility for NDIS registration, ensuring that you meet qualifications, insurance requirements, and operational standards. With our support, you can navigate the challenging NDIS registration journey with confidence.
To register as an NDIS provider, you will need:
- Your details: this includes information about you and your organisation including your business address, primary contacts and information about your corporate structure. If you are unsure about your business structures, we can help set this up to best suit your business needs and goals.
- NDIS Supports/Services you intend to provide: this includes detailing your intended services and the location in which you will provide these supports or services.
- Self-assessment against the required standards: you will be asked to explain how you meet the requirements and will need to supply supporting evidence.
- Suitability: you will be asked to disclose any past convictions, bankruptcies or other matters that may affect your suitability to deliver your service.
For more information about applying for NDIS registration, further information can be found on the NDIS Quality and Safeguards Commission website.
2. Registering for GST
Another crucial consideration for NDIS providers is GST registration. Determining whether your business should register for GST involves various factors, including turnover and the nature of services provided. Our team at Schofields Accountants will carefully assess your situation and guide you through the GST registration process, ensuring full compliance with GST regulations
3. Auditing Compliance
Audits are an essential part of NDIS compliance, and preparing for them can be time-consuming and stressful. There are a range of audits you need to be prepared for as an NDIS provider. These include:
- Quality audits: this is completed by an independent auditor that assesses your organisation against the NDIS Practice Standards
- Verification audits: this is to verify you have the right qualifications, expertise and experience.
- Certification audits: this is for more complex and higher risk support services.
- Financial audits: this is to ensure you stay compliant, meet your tax obligations and your responsibilities as a business owner.
We assist in streamlining the preparation for financial audits, ensuring that all your financial records and documentation are not only accurate but also well organised. We also make sure you meet your tax obligations and your responsibilities as a business owner.
4. NDIS Compliance and Competence
NDIS compliance extends beyond paperwork and audits; it’s about building a culture of competence within your organisation. Schofields Accountants can assist in developing and implementing policies and procedures that align with NDIS compliance requirements, including financial reporting and record-keeping. We understand that compliance isn’t one-size-fits-all, and our experts tailor NDIS accounting packages to suit your business’s unique needs.
With over a decade of experience in accounting and bookkeeping, specialising in NDIS financial management, our team understands the passion and dedication NDIS providers put into their work. We’re here to support your NDIS business with all its financial management needs.
Choose A Trusted NDIS Accountant
Schofields Accountants is here to make your journey as an NDIS provider smoother and more successful. With our expertise in NDIS accounting, personalised guidance, and unwavering support, you can focus on what you do best – providing exceptional care to your clients while we handle the financial complexities of the NDIS.
Contact Schofields Accountants today to see how our team can help you as an NDIS provider.
