NDIS Accountants Answered Your Most Pressing Questions

NDIS accounting made easy. Expert support for compliance, budgeting, and financial management

August 30, 2024

Everything about NDIS Accountants: Your Most Pressing Questions Answered with Expert Insights

Introduction

The National Disability Insurance Scheme (NDIS) provides vital support to people with disabilities across Australia. But when it comes to managing finances, things can get complicated—whether you're an NDIS participant or a provider.  That’s where Ashmans Accounting comes in. Based in Adelaide, we’ve a team of NDIS accountants, making it easier for you to stay on top of your financial responsibilities—without the hassle. Whether it’s managing your NDIS budget, preparing taxes, or ensuring compliance with NDIS regulations, our experienced accountants are here to help.

With us handling the numbers, you can focus on what really matters—delivering quality care or receiving the support you deserve—while we take care of the financial side of things.

What is NDIS Accounting?

NDIS accounting is a specialised service designed to help businesses that operate within the National Disability Insurance Scheme (NDIS). Whether you're a registered NDIS provider delivering essential services or a business that supports the NDIS community, managing your finances under this framework can be challenging.

We work with NDIS businesses to ensure their financial processes are streamlined and compliant with the unique regulations of the NDIS. This includes:

  • Managing business finances.
  • Ensuring compliance with NDIS-specific regulations.
  • Handling invoicing, payroll, and tax obligations specific to NDIS operations.

Our role as NDIS accountants is to take the burden of financial management off your shoulders. We offer tailored advice and support, ensuring your business remains compliant and financially secure while you focus on delivering quality care and services. 

From bookkeeping to tax returns, we help you avoid common financial pitfalls and make the most of your funding.

By working with a specialised NDIS accountant like us, you can rest assured that your business’s financials are in safe hands, allowing you to thrive under the NDIS system without the stress.

How Can an NDIS Accountant Help My Business?

An NDIS accountant can make managing your business’s finances much easier, allowing you to focus on providing the best care to your participants. At Ashmans Accounting, we offer a range of services specifically designed to support NDIS providers. Here’s how we can help:

NDIS Tax Planning & Compliance

  • We stay updated on the latest tax rules to help you maximise deductions and concessions.
  • Our team will minimise your tax obligations, claim eligible deductions, and ensure your business meets all reporting requirements.
  • We develop ongoing tax strategies so you can remain compliant with the Australian Taxation Office (ATO) while focusing on your participants.

NDIS Payroll Services

  • We take the stress out of managing payroll by ensuring your staff are paid accurately and on time.
  • Our services cover everything from setting up payroll systems and processing pay runs to calculating entitlements and handling ATO reporting.
  • By automating payroll compliance, you can focus on service delivery and participant care.

Bookkeeping and Cash Flow Management

  • We provide real-time bookkeeping systems that give you clear visibility of your finances.
  • Our services include processing transactions, managing accounts, and delivering financial reports and cash flow statements.
  • We also help with cash flow forecasting, enabling you to make informed decisions that improve your business's financial health.

With Ashmans Accounting, you’ll have expert support for your NDIS business, ensuring compliance, improving cash flow, and streamlining operations—so you can focus on what really matters.


How to Choose the Right Accounting Service for Your NDIS Business

1. Find an Expert in NDIS Accounting
Choosing an accounting service that specialises in NDIS financial management is key.

  • Look for a provider with a strong understanding of NDIS guidelines, funding structures, and reporting requirements.
  • Their expertise will help ensure your finances are managed accurately and in line with NDIS rules.
  • Plus, they can offer valuable advice to help you make the most of your funding and avoid financial pitfalls.

2. Look for Clear and Honest Pricing
Transparent pricing is crucial when selecting an accountant.

  • Make sure the provider is upfront about their fees, with no hidden costs.
  • Clear pricing helps you plan your budget effectively and builds trust with your accountant.
  • It also ensures there are no surprises when it comes to costs, giving you peace of mind.

3. Make Sure Their Services Fit Your Needs
Every NDIS business is different, so your accountant should offer tailored services.

  • Find a provider who can customise their solutions to meet your specific needs.
  • Whether it’s budgeting, tax compliance, or financial reporting, their services should support your unique business goals.

4. Choose a Service That Uses Technology
The right technology can make accounting more efficient.

  • Look for an accounting service that uses modern software and digital tools.
  • Technology can streamline processes, provide real-time financial data, and keep your information secure.
  • It also helps ensure accuracy in your financial records and reporting.

5. Ensure Ongoing Support
Support and communication should be a priority when choosing an accountant.

  • Select a provider who will stay in touch regularly and offer help throughout the year.
  • Whether you need assistance during tax season, help with audits, or advice on financial questions, reliable support ensures you feel confident and in control of your finances.

Other Frequently Asked Questions

What is the Difference Between a Regular Accountant and an NDIS Accountant?

The main difference between a regular accountant and an NDIS accountant lies in their expertise and understanding of the National Disability Insurance Scheme (NDIS). While a regular accountant can handle general business finances, an NDIS accountant specialises in the specific financial requirements and regulations governing NDIS providers.

An NDIS accountant has a deep knowledge of NDIS funding structures, reporting obligations, and compliance requirements. They understand how to navigate the unique challenges faced by NDIS businesses, such as claiming NDIS-specific deductions, handling complex tax compliance, and managing participant funding. Additionally, an NDIS accountant can offer tailored advice to ensure your business maximises its funding and remains compliant with NDIS regulations, whereas a regular accountant may not have this specialised knowledge.

How Much Does an NDIS Accountant Cost?

The cost of an NDIS accountant can vary depending on the level of services you require and the complexity of your NDIS business. Typically, accounting firms offer flexible pricing models, such as hourly rates or fixed-fee packages based on the scope of work. For basic services like bookkeeping, payroll, and tax compliance, you might expect to pay anywhere from $100 to $300 per hour. More comprehensive services could be higher.

At Ashmans Accounting, we understand that every NDIS business has different needs, which is why we offer flexible pricing tailored to the services you require.
This ensures you get the right level of assistance at a price that suits your budget. 

To give you a more accurate estimate, we’d be happy to discuss your specific needs and provide a customised quote.

Get in Touch with Ashmans Accounting

If you're looking for expert support to manage your NDIS business’s finances, Ashmans Accounting is here to help. 

Whether you need assistance with tax planning, payroll, or bookkeeping, our experienced team is ready to guide you every step of the way. 

To learn more about our NDIS accounting services, visit our NDIS Accounting Services Page. We also offer a range of other accounting services to support your business, so feel free to explore everything Ashmans Accounting has to offer.

Let us be your trusted partner in achieving financial success. 

Reach out to us today and experience why we’re known as the best accountants for NDIS business.

Phone:
1300 448 799

Email: accounting@ashmans.com.au

Office Location: 6/15 King William Road, Unley SA 5061