EP96: The Tax Mistakes Costing Nutrition Business Owners Thousands (And How to Fix Them)
If you're a health professional running your own business, chances are you're either overpaying tax, missing deductions, or both.
With the end of financial year (EOFY) just around the corner in Australia, Jenny Theodore, Chartered Accountant and Registered Tax Agent from Eire Consulting joins us to break down what every nutrition business owner needs to understand before EOFY.
Here's what you'll learn:
✨ When to move from sole trader to company structure (and the income threshold that should trigger the conversation)
✨If GST applies to your health consultations, digital products, and supplements, and why getting this wrong can create a compliance mess
✨ What you can actually claim as a deduction, from working from home to attending live events and self-education costs
✨ Why the end-of-year tax shock is avoidable, and the simple savings habit that protects your cash flow
✨ The difference between a bookkeeper and an accountant, and how to know which one you need first
If you've been putting off the "finance stuff" or relying on guesswork at tax time, this episode will give you the clarity and confidence to get your financial foundations right, before it costs you.
Update: Please note that following the federal budget announcements on 12 May 2026, the guidelines around trust structures are changing, and Jenny will no longer be recommending them moving forward. This change won't take effect until 1 July 2028, so current structures are unaffected for now. We highly recommend speaking directly with your accountant to see how these upcoming changes might impact your long-term business planning.
.
🔗 LINKS & RESOURCES MENTIONED
✨ GST-Free Health Services - View the ATO GST & Health Guide → [https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/in-detail/your-industry/gst-and-health/other-health-services]
✨ Business Financial Tracker - Eire Consulting Free Download: Non-GST Registered → [https://mailchi.mp/eireconsulting/business-income-expenses-workbook-non-gst-registered]GST Registered → [https://mailchi.mp/eireconsulting/business-income-expenses-workbook-gst-registered]
.
ABOUT JENNY
Jenny Theodore is a Chartered Accountant and Registered Tax Agent based in Sydney, Australia, and the founder of Eire Consulting. With over a decade of experience working with individuals and small business owners, Jenny is passionate about breaking down the barriers around accounting and tax, making it accessible, understandable, and genuinely useful for business owners who want to take control of their finances. Originally from Ireland, Jenny built her practice to be the kind of approachable, education-first accounting support she wished more people had access to.
.
📲 CONNECT WITH JENNY
Web: eireconsulting.com.au [https://www.charlynooi.com]
Instagram: @eire_consulting
[https://www.instagram.com/charlynooi].
📲 Connect with Me
Web: www.charlynooi.com [https://www.charlynooi.com]
Facebook: @charlynooi [https://www.facebook.com/charlynooi]
Instagram: @charlynooi [https://www.instagram.com/charlynooi]
YouTube: @charlynooi [https://www.youtube.com/@charlynooi]
.
👩💻 Review and Subscribe to The Nutrition Business Show Podcast
I want to reach more ambitious dietitians and nutritionists just like you and help them build their dream practice.
If you’ve enjoyed The Nutrition Business Show, I’d be incredibly grateful if you could leave me a quick review on Apple Podcasts [https://podcasts.apple.com/us/podcast/the-nutrition-business-show/id1761611775]. It helps more practitioners discover the show so we can grow together and elevate our profession.
And don’t forget to hit subscribe so you never miss an episode.
