EOFY Tax Planning Checklist 2025–26 | Insight Tax Accountants
Every financial year presents opportunities to review your tax position and ensure you are taking advantage of available deductions, concessions and planning strategies. Below are some key EOFY considerations for individuals, business owners, companies, trusts and property investors before 30 June 2026.
Individuals & Employees
Super Contribution Opportunities
Consider making additional tax-deductible super contributions before 30 June. The concessional contributions cap for the 2025–26 financial year is $30,000, including employer super contributions and salary sacrifice contributions. Individuals with a total super balance below $500,000 may also be eligible to utilise unused concessional contribution caps from previous years.
Capital Gains & Capital Losses
Review capital gains and capital losses on shares, cryptocurrency and investment properties. If you have carried-forward capital losses from prior years, consider whether there are opportunities to utilise those losses against current or future capital gains.
Tax-Deductible Donations
Consider making donations to eligible deductible gift recipient (DGR) charities before 30 June if you wish to claim a tax deduction this financial year.
Division 293 Tax
Individuals with income and concessional super contributions exceeding $250,000 may be subject to an additional 15% tax on some or all concessional super contributions under Division 293.
Sole Traders & Business Owners
Instant Asset Write-Off & Depreciation
Consider purchasing eligible business assets before 30 June. Eligible small businesses may be able to immediately deduct the cost of qualifying assets costing less than $20,000, subject to legislative requirements and eligibility criteria.
Prepaid Expenses
Consider prepaying eligible business expenses such as insurance, subscriptions, rent and professional memberships before 30 June. Depending on your circumstances, prepayments relating to a period of 12 months or less may be immediately deductible.
Stocktake & Inventory Review
If you hold trading stock, conduct a stocktake and review obsolete or damaged inventory.
Super Guarantee Compliance
Ensure employee super contributions are received by the super fund before 30 June if claiming a deduction this year. Allow sufficient processing time for bank transfers and fund cut-off dates.
Companies
Division 7A Loans
If shareholders or associates have borrowed funds from a company, ensure the loan is either repaid or placed under a complying Division 7A loan agreement by the relevant tax return lodgment date. Existing Division 7A loans may require minimum annual repayments.
Dividends & Franking Credits
Consider whether dividends should be declared before year-end and whether available franking credits can be utilised.
Director Fees & Bonuses
Consider whether director fees or bonuses should be declared before 30 June.
Trusts
Trust Distribution Resolutions
If you operate through a discretionary trust, the trustee’s decision regarding the distribution of trust income generally needs to be made and documented before 30 June. Missing this deadline can have significant tax consequences and may result in trust income being taxed differently than intended.
Section 100A Considerations
Before 30 June, trustees should carefully consider who will receive trust distributions and whether the proposed distribution strategy may raise Section 100A concerns.
Trust Deed Review
Confirm your trust deed supports proposed distributions.
Property Investors
Prepaid Investment Interest
Consider prepaying eligible investment interest before 30 June.
Capital Gains Tax Planning
Review capital gains tax implications before selling investments.
Need EOFY Tax Planning Advice?
Many tax planning opportunities may need to be implemented before 30 June and may not be available after year-end.
If you would like a personalised EOFY tax planning review, please contact Insight Tax Accountants before 25 June 2026.
📧 info@insighttax.com.au
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Disclaimer
This newsletter is provided by Insight Tax Accountants for general information only and does not constitute personal tax, financial, or legal advice. Information is current at the time of publication but individual circumstances may vary. You should seek professional advice before making decisions regarding taxation, business, superannuation, trust, investment, or financial matters.
Insight Tax Accountants is a registered tax agent and complies with the requirements of the Tax Agent Services Act 2009 and the professional standards of the Tax Practitioners Board.
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