Preparing for EOFY - Tax changes

Today’s topic – EOFY tax preparation

With EOFY just around the corner, it’s worth checking what tax changes are happening from 1st July and what you need to do before 30 June for the current year.

Why? You may need to take actions to manage your tax for the 30 June 2025 year and some upcoming tax changes may need you to act before June 30 to manage the impact.

Why is it important?

The new financial year brings a range of tax changes that may affect businesses. While most corporate tax returns aren’t due for a while, now is a good time to review what might impact your business.

Like us, you’ve likely seen emails from accountants and advisors with updates on what’s changing. If you haven’t, here’s one that we found helpful:

BDO Key tax considerations for year-end

What can you do?

EOFY can be hectic but taking a few minutes to review what’s changing could save you a lot of stress next year.

If you’re unsure how these changes might affect your business, a quick check-in now with your accountant is probably worth it.