Date: 23 June 2026
EOFY can feel overwhelming, but breaking it into stages makes it much more manageable. Here’s what to focus on and when.
Before 30 June: Get Your Numbers Right
- Make sure your accounts are up to date and bank accounts are reconciled.
- Review your profit position so there are no surprises at tax time.
- Write off bad debts and complete a stocktake.
- Ensure super contributions are paid early enough to be received before 30 June.
- Take advantage of the instant asset write-off by ensuring any new equipment is purchased, installed, and ready for use before 30 June.
- If you operate through a discretionary family trust, make sure your trustee resolutions are prepared and signed before 30 June.
- If you’ve borrowed money from your company, ensure minimum repayments are made, or consider addressing the balance through dividends before 30 June.
July: Finalise Payroll and Reporting
- Finalise payroll and ensure wages, PAYG and super are accurate
- Complete your STP finalisation declaration and send to the ATO on or before 14 July 2026
August: Get Ready to Lodge
- Gather key documents for your accountant, including:
- Bank and loan statements
- Asset purchase/sale details
- Stocktake records
- Prepare information for your ATO Taxable Payments Report (if required) and provide it to your accountant before 28 August 2026
Beyond compliance, EOFY is a valuable checkpoint to review your performance and plan for the next stage of your business. If you would like support reviewing your position before year-end, or if there is anything you would like to talk through, please get in touch with your R+M advisor. We are here to help make EOFY as clear, considered and stress-free as possible.
