‘Schools have different needs, so you just need to know what it is you’re looking to achieve and Nexia will help you achieve the results. We chose Nexia for their reputation. They put us on the right track, setting up our schools accounts, provided governance support and saved us time and money.’
Hatem Awad, Finance Manager
Australian International Academy (AIA)
Sydney
Ensuring you’re always ready for what’s next
We have developed structures and processes to deliver fast, flexible, and cost-effective solutions to the education sector.
Our approach involves asking the right questions, actively listening, and conducting a thorough analysis to uncover overlooked opportunities.
With a global network and breadth of knowledge, Nexia can help you meet your statutory obligations and offer unwavering support so that you can focus on what matters most.
Sector-Specific Solutions
Our team offers a comprehensive range of sector-specific solutions tailored to the education and training sector.
- Legislative Guidance: We provide expert guidance through legislative changes, including the ACNC, ensuring your institution remains compliant.
- Flash Reports: Our pragmatic “Flash Report” service delivers key metrics for school board reporting, aiding in effective decision-making.
- Specialised Education Programmes: We offer professional development days, seminars, and surveys to support school Bursars and governance teams.
- School Assistant Service: Acting as an extension of your finance team, we ensure robust and efficient financial management for your school.
- FBT Health Check: Leveraging our extensive experience, we conduct in-depth FBT Health Checks to ensure compliance and provide tax-efficient benefit recommendations.
As a long-standing partner of the Association of Independent Schools of NSW (AIS), we are committed to delivering exceptional service and support to the educational community.
Education
Our advisory services are specifically designed for the Education & Training sector. Our expertise includes:
- Implementing best-practice systems and controls: both within and outside the sector to ensure operational efficiency.
- Offering tailored salary packaging solutions: that align with institutional goals while maximising employee satisfaction.
- Advising on optimal corporate structures: for effective fundraising strategies and financial sustainability.
- Guiding institutions through legislative changes: including compliance with the Australian Charities and Not-for-profits Commission (ACNC).
- Delivering professional development programs: seminars, and surveys designed to support school Bursars and governance teams in their continuous improvement efforts.
Our Tax team specialises in providing thorough GST and FBT health checks tailored for the Education & Training sector. Our services are designed to:
- Ensure compliance with the latest tax regulations: We help educational institutions navigate the complexities of GST exemptions on tuition fees and ensure accurate reporting.
- Identify potential tax savings and efficiencies: We assist schools in optimising salary packaging for staff, which can lead to significant tax savings and improved employee satisfaction.
- Mitigate risks associated with GST and FBT obligations: By conducting regular health checks, we help institutions avoid costly penalties and ensure compliance with fringe benefits tax (FBT) regulations, such as those related to staff housing and vehicle use.
- Provide actionable insights to optimise your tax position: Our experts offer strategic advice on structuring fundraising activities to maximise tax benefits and support financial sustainability.
We provide comprehensive audit services designed to meet the unique needs of the Education & Training sector. Our offerings include:
- External and internal audits: We conduct thorough audits to ensure financial transparency and accountability, helping institutions maintain trust with stakeholders.
- Compliance audits: Our team ensures that your institution adheres to all relevant regulations and standards, such as those set by educational authorities and funding bodies.
Our audits can help schools identify areas for financial improvement, ensure compliance with funding requirements, and provide assurance to parents and donors about the proper use of funds.
Do you need other sector-specific advice? As a full-service accounting and advisory firm, we can assist with all education and training related matters. Connect now and let us know how we can help.
Our clients
Helping over 170 schools, colleges and organisations across Australia’s education sector to achieve their goals. Whether you’re a catholic school, independent school or childcare centre, we have the experience and specialities to help your business.
Resources
Education and training
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FBT Health Check Flyer
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School Example Financial Report
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Connect with us today and discover how you or your business can reach its full potential.
