EOFY tax planning: where we see the biggest impact for clients
For many business owners, June becomes a race against time: “What can we still do before 30 June?”
But by that point, most of the meaningful options are already off the table.
In practice, the biggest tax savings don’t come from last-minute decisions, but from planning a few months earlier.
In the right circumstances, we’ve seen:
- $6,000–$10,000+ saved through simple super strategies
- $30,000+ improvements through structure changes
The difference usually comes down to timing and visibility.
1. Using super contributions strategically
One of the most effective and often underused strategies is deductible super contributions.
We often see clients on higher incomes overlook this until late in the year, or not fully understand the impact it can have.
How it works in practice:
- Personal tax rate: up to 47% (including Medicare levy)
- Super contribution tax rate: 15%
That creates a 32% difference on every dollar contributed. For clients with unused concessional caps, this can allow for $50,000–$100,000+ deductions in a single year.
Case study
We worked with a regional earthmoving contractor who was tracking toward a higher-than-expected income year.
After reviewing their position, they made a $20,000 deductible super contribution before 30 June.
- Tax in super: $3,000
- Tax if taken personally: $9,400
Net tax saving: $6,400
Just as importantly, this wasn’t just a tax outcome, it strengthened their long-term retirement position.
2. Reviewing business structure (when growth changes things)
A common issue we see is businesses outgrowing their original structure. What worked early on doesn’t always hold up as profits increase.
In practice, this often means paying more tax than you need to, simply because no one’s stepped back to review the structure of the business.
Case study
A rural mechanical business we work with had grown steadily but was still operating in a structure where all profits were taxed at personal marginal rates.
We helped them restructure and operate through a company.
This resulted in:
- Income taxed at the corporate rate
- Greater flexibility in managing profits
- Capacity to reinvest back into the business
Estimated tax saving: ~$30,000
It also positioned them better for future growth, not just this year’s tax outcome.
3. Timing income and expenses (when it actually matters)
This is one of the more familiar strategies, but it’s often misunderstood.
In practice, it’s not about simply bringing forward expenses, it’s about timing decisions in a way that aligns with:
- Your expected income position
- Cash flow capacity
- The following financial year
We often see missed opportunities where:
- Income spikes late in the year
- No planning has been done earlier
- Decisions are rushed in the final weeks of June
Even small adjustments here can make a noticeable difference, but only if there’s time to plan.
4. Knowing your position early
This is the part that underpins everything else.
Without a clear view of where you’re likely to land, it’s difficult to make confident decisions. In practice, this is where we see the biggest shift for clients:
- Moving from reacting in June
- To planning with clarity in April or May
Even a simple conversation at the right time can change the outcome. This aligns closely with what we’ve been encouraging clients to do more broadly: starting those discussions earlier in the second half of the financial year, rather than leaving them too late.
What this means for you
Tax planning doesn’t need to be complex to be effective. The key is timing, visibility, and making decisions that fit your overall position. At the end of the day, the goal isn’t just to reduce tax – it’s to make confident decisions that support your business, your cash flow, and your longer-term plans, so you can grow with clarity.
If you’re heading into the final quarter of the financial year and haven’t yet reviewed where things are tracking, now is the right time to start that conversation.