By Harry Moustakas and Tom Kouloukakis
| Quick Summary: June 30 is approaching. If you’re a business owner, here are financial moves you can make before EOFY across tax and accounting, financial planning, and loans and debt to keep more of what you earn. |
Tax and accounting
Bring forward legitimate expenses
That new laptop, the software subscription you’ve been meaning to upgrade, repairs to the office. If you were going to spend it in the next few months anyway, spending it before June 30 brings the deduction into this financial year. The key word is legitimate. The ATO is watching last-minute purchases closely, so everything needs a genuine business purpose.
Use the $20,000 instant asset write-off
Small businesses (under $10 million turnover) can immediately deduct the full cost of eligible assets costing less than $20,000 each. The threshold applies per asset, so you can claim multiple purchases. But here’s the catch most people miss: the asset must be installed and ready for use before June 30. Buying it isn’t enough. It needs to be operational. And this threshold drops back to $1,000 from 1 July 2026 unless the government extends it again (ATO).
Review your stock and debtors
Conduct a stocktake. Identify obsolete or damaged inventory and write it down to its real value. Review outstanding invoices and consider whether any debts are genuinely unrecoverable. Bad debts can be written off if you’ve made reasonable attempts to collect.
Check your Division 7A position
If you’ve borrowed money from your company (or your company has paid personal expenses), the Division 7A benchmark interest rate for 2025–26 is 8.37%. Loans that don’t meet the minimum repayment requirements by June 30 can be treated as unfranked deemed dividends. That’s a costly surprise at tax time.
Review your business structure
Are you still operating as a sole trader when a company or trust structure would be more tax-effective at your income level? Restructuring takes time, so if this conversation hasn’t happened yet, start it now for next financial year.
Financial planning and wealth management
Maximise super contributions
The concessional (before-tax) super cap for 2025–26 is $30,000, which includes employer contributions and salary sacrifice. For business owners in the top tax bracket (45%), every dollar contributed to super saves about 30 cents in tax (you pay 15% contributions tax instead of 47% including Medicare). On a $20,000 contribution above your SG, that’s around $6,400 in tax savings.
Use carry-forward unused caps
If your total super balance was under $500,000 on 30 June 2025, you can carry forward unused concessional cap space from the previous five years. Some clients have cap space of up to $167,500 in a single year. This is one of the most powerful and under-used strategies we see.
Consider non-concessional contributions
The after-tax contribution cap is $120,000 for 2025–26, or up to $360,000 using the bring-forward rule if you’re under 75 and your total super balance is below $1.76 million. This is particularly useful if you’ve had a strong year and want to shelter capital in a tax-effective environment.
Review your insurance
Life, TPD, income protection. When was the last time you checked the numbers still match your situation? Business owners often have coverage that was set up years ago and no longer reflects their income, debt levels or family circumstances.
Loans and debt
Get your loan structures reviewed.
Are your business loans, investment loans and personal debt structured in the most tax-effective way? Mixing deductible and non-deductible debt is one of the most common mistakes we see. A lending review before EOFY can identify opportunities to restructure and potentially save thousands in interest and tax.
Refinance before your financials change.
If your 2025–26 financials are strong, now is a good time to lock in lending approvals. Lenders assess your borrowing capacity based on your most recent financial statements. If you’re planning significant expenses or changes next year, acting now while your numbers look strong can give you more options.
Prepay investment loan interest.
If you have investment loans, prepaying up to 12 months of interest before June 30 can bring forward a significant tax deduction. This works best when you expect to be in a higher tax bracket this year compared to next year.
The Bigger Picture: What You Can’t Fix in Four Weeks
These EOFY strategies are valuable. But they’re band-aid solutions compared to what year-round planning can achieve.
The most effective tax strategies take time to implement. Business structure optimisation, family trust establishment, succession planning and tax-effective wealth transfer all require months of careful planning.
If you’re reading this thinking “I wish I’d started this conversation six months ago,” take that as a sign. The best time to start planning for 2026–27 is right now.
At Navigate Advisory, we combine financial planning, accounting, business advisory, lending and property advisory under one roof. This means we look at your entire financial picture, not just one piece of it. When your investments, super, business structure, lending and tax strategy all work together, you achieve better outcomes than treating each area in isolation.
Because when your entire financial world makes sense, you gain the power to say ‘yes’ to bold life choices.
Book a 15-minute introductory call: navigateadvisory.com.au/contact
Find out more about our services: navigateadvisory.com.au
This is part of our EOFY series. We’ve also written guides for Sole Traders, PAYG Employees, Retirees.
Navigate Advisory has offices in Balmain, Brighton-Le-Sands and Hurlstone Park.
Navigate Advisory offers complete financial confidence through financial planning, accounting, business advisory, lending and property advisory, all in one place.
Frequently Asked Questions
Any advice provided in this article is general advice only and does not take into account the objectives, financial situation or needs of any particular person. It does not represent legal, tax, or personal advice and should not be relied on as such. You should obtain financial advice relevant to your circumstances before making any decisions.