Cash flow, put simply, is the flow of cash and cash equivalents transferred in and out of your business. Cash flow management is getting the timing of the inflows and outflows as close as possible and ensuring your business has enough inflowing cash to cover the outflowing cash. Managing your cash flow over the next […]
READ MOREThe NDIS is highly regulated, and providers must meet strict compliance requirements. These obligations are designed to protect participants and ensure they receive the care and services they are entitled to. However, for NDIS businesses, failing to align your business processes to these regulations can lead to undesired consequences, including loss of revenue, sanctions, or […]
READ MOREStarting a business under the National Disability Insurance Scheme (NDIS) in Australia can be a fulfilling and profitable venture. However, there are essential steps and regulatory requirements that must be followed to ensure compliance with the NDIS framework. Below we provide a general overview of how to plan your NDIS business, acquire a licence and […]
READ MOREThe National Disability Insurance Agency (NDIA) publishes its annual pricing review of NDIS support items following the commencement of the new financial year on July 1. We recently had the opportunity to attend a consultation with the NDIA, to review its updated rates and changes to its underlying Disability Support Worker Cost Pricing Model. The […]
READ MOREInvolvement in the National Disability Insurance Scheme (NDIS) is often driven by a deep-seated commitment to caring and supporting individuals with disabilities. For many entrepreneurs in this sector, it’s not merely about turning a profit but also about making a meaningful impact. However, to ensure the longevity and sustainability of your services, it’s crucial to […]
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