30 June can arrive fast for established business owners and peak-earning couples. Profit, bonuses, super, mortgages, trust distributions, asset purchases and insurance all meet in one short window. A clear plan helps you check what can still be done, what needs your accountant, and where licensed financial advice may fit.
This EOFY tax planning 2026 checklist is for Sydney’s Northern Beaches business owners and professional couples who want a calm review before the financial year closes. It is general information only. Speak with your accountant and licensed adviser before acting.
Key Takeaways
- Start with cash flow, expected taxable income, loan balances and super cap space for each spouse.
- Super payments need lead time. A contribution is counted when the fund receives it, not when you press “pay”.
- Asset purchases should serve a real business need first. The $20,000 instant asset write-off has eligibility rules.
- Mixed-purpose loans, redraws and offsets can change how much interest may be deductible.
- A shared action list between your adviser and accountant can reduce gaps before 30 June.
Key EOFY Dates and Thresholds Relevant to Businesses and Professionals
EOFY tax planning 2026 works best when the key dates are known early. A structured accounting tax planning review can help you line up tax estimates, super payments, business records and family cash flow before the year closes.
| Area | 2025–26 Reference Point | Planning Check |
|---|---|---|
|
Financial year end |
30 June 2026 |
Review income, deductions, trust resolutions, super and loan records before the year closes. |
|
Super guarantee |
12% from 1 July 2025 |
Check payroll settings, June quarter payments and salary sacrifice timing. Payday Super starts from 1 July 2026. |
|
Concessional super cap |
$30,000 |
Count employer SG, salary sacrifice and deductible personal contributions. |
|
Non-concessional super cap |
$120,000 |
Check total super balance and bring-forward access before moving large after-tax amounts. |
|
Division 293 |
$250,000 income plus concessional contributions threshold |
Higher-income clients may pay an extra 15% tax on some concessional contributions. |
|
Instant asset write-off |
Less than $20,000 per eligible asset |
Asset must be first used or installed ready for business use by 30 June 2026. |
|
Medicare levy surcharge base threshold |
$101,000 single; $202,000 family, plus $1,500 for each dependent child after the first |
High-income couples should check private hospital cover and family income for surcharge purposes. |
The ATO’s key super rates and thresholds guidance confirms the concessional contribution cap was $30,000 from 1 July 2024 to 30 June 2026, and its non-concessional contribution table lists $120,000 for 2025–26. The ATO has stated the super guarantee rate increased to 12% from 1 July 2025, and Payday Super changes start from 1 July 2026.
For family cash flow, the ATO’s Medicare levy surcharge table for 2025–26 lists a base single threshold of $101,000 and a base family threshold of $202,000, with the family threshold increasing by $1,500 for each dependent child after the first.
Super Contribution Strategies Before 30 June
Super can be one of the most useful pre-EOFY planning areas for business owners and high-income couples. A Superannuation review can help you test the right mix of employer contributions, salary sacrifice, personal deductible contributions and spouse balance planning.
The right move depends on income, total super balance, cash flow, age, debt, and retirement plans. It can be tempting to focus on the tax deduction alone. A better question is: Does the contribution fit the wider plan?
Start with these items:
- Employer SG has already received by the fund
- Salary sacrifice paid or scheduled
- Any personal deductible contribution you plan to make
- Unused concessional cap amounts in ATO online services
- Total super balance for each spouse as of 30 June
- Any pension, SMSF or contribution rule that may affect eligibility
The ATO says unused concessional cap amounts can be carried forward for up to five years where total super balance was under $500,000 at the previous 30 June. This may help some clients catch up after years of lower contributions, career breaks or business reinvestment.
Concessional Contributions
Concessional contributions are before-tax contributions. They include employer SG, salary sacrifice, and personal contributions claimed as a deduction. For 2025–26, the general cap is $30,000. High-income earners need to model Division 293 tax, which may apply when income and concessional contributions together exceed $250,000.
These super contribution strategies EOFY checks can help couples avoid missed cap space or an uneven split between spouses. A deductible contribution may still make sense for some high-income clients, but the after-tax result should be checked before a transfer is made.
Personal Deductible Contributions
A personal deductible contribution needs more than a bank transfer. The ATO says you must give your fund a notice in the approved form and get an acknowledgement from the fund to claim a deduction. Personal contributions claimed as a deduction count toward the concessional contributions cap.
Practical steps:
- Ask your fund for its June cut-off date.
- Transfer earlier than the final business day.
- Keep the payment receipt.
- Lodge the notice of intent after the contribution is received.
- Wait for written acknowledgement before lodging the tax return.
Non-Concessional Contributions
Non-concessional contributions are after-tax contributions. For 2025–26, the annual cap is $120,000. Bring-forward rules may allow larger amounts, subject to total super balance and other eligibility tests. The ATO’s non-concessional contribution table lists $120,000 for 2025–26 and the general transfer balance cap at $2 million for 2025–26.
This area can matter for peak-earning professional couples, business owners building assets outside super, and families planning to reduce a mortgage or boost retirement savings.
Book your pre-EOFY planning session with Navigate Financial Wealth to check contribution timing, cap space and spouse balance options before 30 June.
Common Business Tax Moves: Timing Income, Expenses, and Asset Purchases
A useful small business tax checklist starts with real numbers. Ask your accountant for a current profit estimate, then compare it with your cash position and expected tax bill. A focused business tax review can help SME owners sort income timing, deductions, trust distributions and asset purchases before 30 June.
The ATO’s latest tax gap overview says the small business income tax gap is 17.4% for 2022–23 and accounts for 47% of the total tax gap. This is a clear reminder that clean records, supported deductions and correct income reporting matter.
| Action | What to Check | Common Trap |
|---|---|---|
|
Forecast taxable profit |
Year-to-date profit, June invoices, wages, director fees and expected dividends |
Guessing profit from bank balance alone |
|
Review debtors |
Bad debts that may need accountant review before 30 June |
No clear evidence that a debt is bad |
|
Prepay eligible costs |
Insurance, rent, subscriptions or interest where rules allow |
Paying costs that do not meet the 12-month rule |
|
Review asset purchases |
Business use, installation date, cost per asset and cash flow |
Ordering an asset before 30 June but not having it ready for use |
|
Check stock |
Obsolete, damaged or slow-moving stock |
No stocktake record |
|
Review trust resolutions |
Beneficiaries, distributions and minutes |
Leaving resolutions too late |
|
Check Division 7A |
Shareholder loans, repayments, interest and written agreements |
Using business money for private costs without loan records |
The ATO’s tax time resources include small business guides and fact sheets for common deduction areas. The ATO’s prepaid expense guidance says eligible small business entities can claim an immediate deduction under the 12-month rule where the eligible service period is no more than 12 months and ends in the next income year.
For 2025–26, the ATO says the instant asset write-off limit has been temporarily increased from $1,000 to $20,000. Eligible assets still need to meet the use and timing rules, so asset buying should start with business need, cash flow and accountant input.
For private company owners, Division 7A can be a major EOFY item. The ATO says a deemed dividend can arise where payments made to the company fall short of the required minimum yearly repayment for that year.
Reviewing Loan Structures, Offsets and Investment Interest
For many Northern Beaches business owners and professional couples, debt can sit across a home loan, commercial facilities, vehicles, property, shares and business assets. EOFY is a good time to map each loan and confirm what the borrowed money was used for.
Interest deductibility can depend on loan purpose. Where a loan has both private and income-producing use, the ATO says interest may need to be apportioned. This can happen when a rental property mortgage is increased for private purposes, when a property is used privately, or when the property is rented for only part of the year.
A debt advisor can help you review the structure of household, investment and business debt before your accountant finalises the tax position.
Check these points before your review meeting:
- Keep private, business and investment borrowings clearly separated where possible.
- Avoid using an investment or rental redraw facility for private spending unless advice has been taken first.
- Review offset accounts and redraw activity with your accountant.
- Match loan statements to the asset or activity funded by that debt.
- Confirm which interest was paid before 30 June and which relates to the next year.
- Review fixed-rate expiry dates, commercial loan terms and cash buffers.
- Check whether debt reduction, super contributions or insurance funding should take priority.
This is where northern beaches EOFY planning can add value. A local adviser can work with your accountant and lender, then help sort tax, cash flow and household goals into one action list.
Insurance, Estate and Document Housekeeping
EOFY planning is about more than deductions. It is a good time to check whether the family and business would cope if income stopped, a partner became ill, or a key person could no longer work.
For families thinking beyond one financial year, a tax, super, and generational wealth review can connect tax planning, retirement savings, estate documents and family goals.
Use your review to check:
- Life, TPD, trauma and income protection cover amounts
- Policy ownership: personal, super-owned, business-owned or SMSF-owned
- Buy/sell agreements for business partners
- Key person cover for revenue or debt protection
- Wills and enduring attorney documents
- Binding death benefit nominations for super
- Trust deeds, company constitutions and shareholder agreements
- Estate planning for blended families or adult children
- Business succession plans and exit planning documents
The goal is simple: keep tax planning, risk, lending, estate and retirement planning in the same conversation. Navigate Financial Wealth’s client materials focus on integrated advice under one roof, local Northern Beaches service, and clear communication for business owners and high-income families.
Checklist to Take to Your Adviser and Accountant
Use this list before your pre-EOFY meeting.
| Bring | Why It Matters |
|---|---|
|
Year-to-date profit and loss, balance sheet and cash-flow forecast |
Helps estimate taxable income and tax payments |
|
Payroll summary and super reports |
Shows SG, salary sacrifice and unpaid June amounts |
|
Super balances and contribution history for each spouse |
Helps check cap space and spouse balance options |
|
ATO carry-forward concessional cap screenshot |
Shows unused cap amounts that may be available |
|
Asset register and planned purchases |
Helps test depreciation and instant asset write-off eligibility |
|
Debtor list, creditor list and stock report |
Supports income, bad debt and stock review |
|
Loan statements, offset accounts and redraw records |
Helps trace interest and private use |
|
Private health insurance statement |
Helps check Medicare levy surcharge exposure |
|
Insurance policy schedule |
Helps check cover, ownership and premium funding |
|
Trust, company and Division 7A loan documents |
Helps avoid missed repayment or resolution issues |
|
Wills, attorney documents and super nominations |
Keeps estate and super documents up to date |
|
Details of bonuses, dividends or trust distributions |
Helps plan cash flow and personal tax |
The ATO says business records must be kept for five years, including tax invoices, receipts, salary and wage records, tax returns, activity statements and employee super contributions. A good meeting should end with a dated action list that names who is doing each task: you, your accountant, your adviser, your lender or your solicitor.
Final Words
The best EOFY tax planning 2026 review brings tax, super, loans, insurance and family goals into one clear discussion. For business owners and high-income couples, small timing gaps can create extra work after 30 June. A calm pre-EOFY review gives you a chance to check options, ask questions and act with care.
Book your pre-EOFY planning session with Navigate Financial Wealth before 30 June.
How Navigate Financial Coordinates Pre-EOFY Reviews
Navigate Financial Wealth’s brand position is built around coordinated advice for mass-affluent clients, high-net-worth families, and business owners on Sydney’s Northern Beaches and North Shore. The firm’s style is formal, calm and clear, with a focus on transparency, collaboration, trust, and simplicity.
A pre-EOFY review can cover five steps:
- Clarify the year-end picture
We review your broad position, planned income, business profit, family cash flow and known deadlines. - Identify advice points
We flag areas that may need licensed advice, accountant input, legal review or lending support. - Coordinate with your accountant
With your consent, we can work from the same tax estimate and agree on a clear action list. - Review personal and business overlap
Business owners often have linked issues across tax, debt, super, insurance, company loans and family goals. - Set the post-EOFY follow-up
After tax returns and financial statements are prepared, the next review can focus on the new year’s plan.
Book your pre-EOFY planning session with Navigate Financial Wealth so there is time to review options before 30 June.
Frequently Asked Questions (FAQs)
What is EOFY tax planning 2026?
EOFY tax planning 2026 is a review of tax, super, business cash flow, loans, insurance and records before 30 June 2026. It helps you see what can still be done before the financial year closes, and what should wait for the new year.
When should business owners and high-income couples start EOFY planning?
Start as soon as profit, bonus and cash-flow numbers are reliable. May and early June are often useful, as there is still time to pay super, prepare records, review loans and speak with your accountant.
Can I claim a deduction for a personal super contribution paid on 30 June?
Only if the contribution is received by the super fund by 30 June and the deduction rules are met. You need a valid notice of intent and written acknowledgement from the fund before claiming the deduction.
How much can I contribute to super before 30 June 2026?
For 2025–26, the concessional cap is $30,000 and the non-concessional cap is $120,000. Your own cap can differ where carry-forward or bring-forward rules apply, or where your total super balance affects eligibility.
Is buying equipment before 30 June always a good tax move?
No. The asset needs a real business use, the cash flow needs to make sense, and eligibility rules must be met. For 2025–26, the instant asset write-off limit has been temporarily increased from $1,000 to $20,000 for eligible small business entities.
What should high-income couples pay close attention to?
Focus on Division 293 tax, super cap space, private health insurance and Medicare levy surcharge exposure, investment loan interest, insurance cover and estate documents. High income does not remove the need for cash-flow planning.
Can Navigate work with my accountant?
Yes. With your consent, Navigate can coordinate with your accountant and other advisers so each person works from the same figures, deadlines and action list.
General Advice Warning: The information in this article is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information is appropriate for your circumstances and seek advice from a licensed financial adviser before acting.
