The end of the financial year is a critical time for business owners. Proper preparation ensures you maximise deductions, meet compliance obligations, and start the new year with clarity.
Before 30 June
Review your accounts to identify any pre-payments that could be brought forward, such as insurance, rent, or subscriptions. Consider any asset purchases that might qualify for instant asset write-off.
Superannuation Contributions
Ensure all employee super contributions are paid and cleared by 30 June to claim the deduction in the current financial year. This includes any additional contributions you wish to make to your own super.
Get Organised Early
The best approach is to start preparing well before 30 June. Contact us today to discuss your EOFY strategy and ensure you are making the most of available opportunities.