EP50: Tax & Money Tips for Online Health Businesses with Diana Todd

Let’s be honest: tax, superannuation, and money management aren’t exactly the fun part of running your nutrition business. But they are essential if you want to grow something sustainable (and avoid getting hit with a surprise tax bill later 😬). To celebrate our 50th episode (yay!), I've invited Diana Todd, an Australian-Registered Tax Agent and founder of Balance Tax Accountants to the podcast! Diana specialises in working with online business owners and has a real knack for making finance feel less scary and a whole lot more empowering. In this episode, we tackle some of the most common money questions I get from dietitians and nutritionists, like:✔️ What type of tax structure should you set up (sole trader vs. company), and when is it time to transition?✔️ When to register for GST and how it affects your services and digital products✔️ How to set aside money for tax and plan your business finances (so you don’t get nasty surprises from the tax office!)✔️ What’s actually tax deductible in your business (yes, even that wall art in your office!)We also dive into bigger-picture topics around building a financially viable business, scaling for growth, and developing a strong money mindset; lessons that are valuable no matter where you are in the world.Diana brings a fun, down-to-earth, and holistic approach to money management, making tax and finances feel way less intimidating. Whether you're just starting out or looking to scale your practice, this episode is packed with practical advice to help you feel more confident and in control of your business money.Hit play on this episode now! 🎧  .ABOUT DIANADiana Todd is a business accountant who cures tax anxiety and ensures her clients feel seen, heard, understood, and in control of their business money.Diana’s award-winning online accounting firm, Balance Tax Accountants, delivers stress-free online tax services to the Australian small business community. Diana’s Higher Money coaching program supports purpose-led entrepreneurs in building wealthy and sustainable businesses..📲 CONNECT WITH DIANAWeb: www.balancetax.com.auInstagram: http://instagram.com/balancetax/Tiktok: https://www.tiktok.com/@balancetaxYoutube: https://www.youtube.com/@balancetax .📲 CONNECT WITH MEWeb: ⁠https://www.charlynooi.com⁠Facebook: ⁠https://www.facebook.com/charlynooi⁠Instagram: ⁠https://www.instagram.com/charlynooi⁠YouTube: ⁠https://www.instagram.com/charlynooi.REVIEW & SUBSCRIBE TO THE NUTRITION BUSINESS SHOW PODCASTI want to reach more ambitious dietitians and nutritionists just like you and help them build their dream practice! I’d be incredibly grateful if you could leave me a review on Apple Podcasts here so we can get into the earbuds of more practitioners! Together, we can elevate our presence online and create a stronger voice for our profession. If you've enjoyed The Nutrition Business Show Podcast, don’t forget to hit SUBSCRIBE so you don’t miss any episodes!