Sponsor Article: RSM Australia What to consider when tax planning for EOFY

June 12, 2026 | Kristy Moran

With the end of the financial year looming, it’s time to think about your tax planning options before 30 June.

Getting the details right now can lead to big savings later. Here are five tips to help you get started.

1. Optimise your business structure

Talk to your accountant about your current structure. Key questions to consider:

Is your current structure tax efficient?
Are your personal or business assets at risk?
Will the proposed changes to CGT and trusts impact your succession plans?

2. Pay super on-time and before year-end

Super contributions need to be cleared and in your employees’ funds by 30 June. Otherwise, you won’t be able to deduct the expense until next financial year.

3. Be ready for Payday Super

Make sure your payroll systems are up-to-date and ready to comply with the new Payday Super rules from 1 July 2026. If you’re not sure, someone from our team would be happy to help you sort it out.

4. Check if you’re eligible for the instant asset write-off

With the $20,000 instant asset write-off now permanent, small businesses (turnover under $10m) can incorporate full, immediate deductions for eligible depreciating assets into their tax planning.

5. Write off bad debts before 30 June

Review any bad debts to ensure any unrecoverable amounts are written off prior to year-end. You may be able to deduct some or all of that debt in the current tax year. You may even be entitled to reduce GST payable. Check in with your adviser for details.

If you want to learn more about your available tax-saving opportunities, our dedicated Gosford team is here to guide you every step of the way.