Updated as at 7 March 2025
With 30 June fast approaching, now is the time to tidy up your books, take advantage of smart tax strategies, and set your business up for growth. At Eclipse Advisory, we recommend the following EOFY tips:
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Pay super early – Ensure super contributions are processed before 30 June to claim the deduction this year.
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Prepay expenses – Upfront payments for rent, insurance, or subscriptions may be tax-deductible.
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Write off assets – Claim an immediate deduction for eligible assets under $20,000 purchased this financial year.
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Clear bad debts – Write off any unpaid invoices you know won’t be recovered.
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Review stock – Dispose of obsolete or unsellable stock to reduce taxable income.
The end of financial year is a key time to finalise your books, lodge tax returns, and plan ahead. Our checklists can help you stay organised and make smart decisions for the year ahead:
Get your tax guides here:
Should you require further assistance and/or if you have queries regarding your taxation needs, you may send us an email at admin@eclipseadvisory.com.au