The EOFY isn’t just about tax time, it’s a valuable window for small businesses to take stock, make strategic decisions, and strengthen their financial position heading into FY26.
If you’re looking to reduce your tax bill, smooth out cash flow, or invest in growth, now is the time to act.
Here are 5 last-minute tips to consider before 30 June.
1. Maximise the $20K Instant Asset Write-Off — Before It Reverts
Right now, eligible small businesses can immediately deduct the full cost of assets up to $20,000, including equipment, vehicles, tools, or tech, as long as the asset is first used or installed by 30 June 2025.
But from 1 July, that threshold will revert to $1,000. That means this EOFY is your last chance to leverage the higher write-off and reduce your taxable income.
2. Pay Off ATO Debt Before 1 July
From 1 July 2025, interest charges on ATO tax debts will no longer be tax–deductible for small businesses.
That makes it critical to pay down outstanding ATO amounts before EOFY if you want to claim these deductions in FY25
If you need funding support to do so, Capify can help with fast, unsecured funding to support your repayment.
3. Prepay Expenses to Bring Forward Deductions
Under the ATO’s 12-month rule, small businesses may be eligible to immediately deduct prepaid expenses if the service period is 12 months or less and ends before 30 June 2026.
If your cash flow allows, consider prepaying:
- Rent or lease payments
- Insurance premiums
- Subscriptions or memberships
- Loan interest
Doing so before EOFY could bring forward deductions and improve your FY25 position. Check with your accountant to see what’s eligible.
4. Ensure Super & Bonuses Are Paid on Time
To claim a deduction in FY25:
- Super contributions must be received by employee super funds before 30 June
- Staff bonuses or director fees must be paid or formally committed by 30 June
5. Prepare for FY26 with a Strong Cash Position
EOFY isn’t just about closing off the books — it’s also the right time to plan ahead. Use this period to:
- Reconcile accounts and close invoices
- Review business structure and tax planning
- Plan investments in stock, marketing, systems, or staffing
- Consolidate debts or refinance as needed
Ready to Take Action?
Don’t let EOFY pass you by. Whether you’re planning a last-minute asset purchase, covering tax obligations, or looking to invest in growth, Capify offers a range of flexible funding options, including:
- Fast unsecured business loans up to $500,000
- Our new secured loan, with higher approval limits and up to 100% LVR against residential or commercial property
With funding available in as little as 24 hours, we’ll help you move quickly and start FY26 with momentum.
Disclaimer: This article is for general information and does not constitute financial, tax, or legal advice. You should consult with a qualified accountant, financial advisor, or tax professional to assess your specific circumstances before acting on any of the information provided.
