Tax Planning Before EOFY
April 10, 2026
As the end of the financial year approaches, it's crucial to review your tax position and implement strategies to minimise your tax liability. Proper tax planning can help you retain more of your hard-earned income while staying fully compliant with tax regulations.
Key Tax Planning Strategies
Consider these essential strategies before June 30:
- Review and maximise deductible superannuation contributions
- Prepay expenses for the upcoming financial year
- Review your investment portfolio for capital gains or losses
- Consider charitable donations for tax deductions
- Review depreciation schedules for business assets
Superannuation Contributions
Making additional contributions to your superannuation can be one of the most effective tax planning strategies. Concessional contributions are taxed at just 15%, which may be significantly lower than your marginal tax rate.
Business Expenses
If you operate a business, consider bringing forward necessary purchases before the end of the financial year. This can include office equipment, technology upgrades, or professional development expenses.
Seek Professional Advice
Tax laws are complex and constantly changing. Working with a qualified tax professional ensures you implement the most effective strategies for your specific circumstances while maintaining full compliance.
Contact our team today to schedule your EOFY tax planning consultation and start the new financial year with confidenceRelated News
Under 18? Tax and Super questions answered
So you've landed your first gig before you can even rent a car — congratulations! Here's the honest (but friendly) rundown of what the tax office and your super fund expect from you: lodging a tax return, how superannuation works when you're under 18, and a point-form list of things to watch out for as a young employee.
Continue reading
No More Card Surcharges From 1 October: What It Means For Your Wallet (And Your Local Café)
The Government is banning credit card surcharges from 1 October. Honest take: the fees don't vanish — they move into prices. Here's what the 1–2% shift means for your business, your customers, and why "cash discount" signs might be making a comeback.
Continue reading
Why Business Advisory Matters
Australia's tax system is complex, its deadlines are unforgiving, and late lodgement fines are real. Here's why business advisory matters for staying ahead of all three.
Continue reading