![\"\"](\"https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2025\/06\/Stock-Images-2025-06-11T124855.642-300x200.png\")
As 30 June 2025 approaches, it’s crucial to finalise strategies across superannuation, tax deductions, business planning, and investment compliance. Whether you’re an employee, business owner, investor, or SMSF trustee, this comprehensive checklist will help you stay on track.<\/p>\n
The ability for a member to contribute is dependent on their age and Total Superannuation Balance (TSB) at the previous 30 June. To make non-concessional contributions, a member\u2019s Total Superannuation Balance must be less than $1,900,000 at the previous 30 June. <\/em> ***TIP: To claim your personal tax deductions, ensure you can substantiate your expenses:<\/span><\/p>\n The family income threshold is increased by $1,500 for each Medicare levy surcharge dependent child after the first child.<\/em> ***TIP: We would recommend using a business who specialises in these reports to prepare a depreciation schedule for rental properties, on your behalf. Call us for a referral to an appropriate provider.<\/span> ATO guidelines require that your fund’s investment strategy is reviewed regularly, especially when member circumstances change, asset mix shifts significantly, insurance needs are reassessed. ***TIP Make sure your investment strategy document:<\/span><\/p>\n The EOFY period is time-sensitive. Contributions, payments, and documentation all require lead time. Starting early means you won\u2019t miss out on valuable deductions or fall short on compliance. Disclaimer: The information contained is general in nature. Professional advice should be sought before acting on any aspect on this page. Financial planning services provided by TAG Financial Advisors Pty Ltd (ABN 77 154 205 017 AFSL 415632), a wholly owned subsidiary of TAG Financial Services Pty Ltd (ABN 67 075 374 686). Copyright 2025. Please do not reproduce without the expressed written consent of the author.<\/p>\n","protected":false},"excerpt":{"rendered":" As 30 June 2025 approaches, it’s crucial to finalise strategies across superannuation, tax deductions, business planning, and investment compliance. Whether you’re an employee, business owner, investor, or SMSF trustee, this comprehensive checklist will help you stay on track.<\/p>\n","protected":false},"author":2,"featured_media":9701,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,11,12],"tags":[],"class_list":["post-9759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-tax","category-investment-and-wealth","category-superannuation-and-retirement"],"_links":{"self":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/posts\/9759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/comments?post=9759"}],"version-history":[{"count":3,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/posts\/9759\/revisions"}],"predecessor-version":[{"id":9773,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/posts\/9759\/revisions\/9773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/media\/9701"}],"wp:attachment":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/media?parent=9759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/categories?post=9759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/tags?post=9759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n1. Boost Your Super Before 30 June<\/strong>
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\nIf you balance is more than $1.66mill \u2013 then you may not be able to use the full 3 year bring forward non-concessional contributions \u2013 get in touch if you are not sure.<\/em>
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\n2. Get a Tax Deduction for Your Income Protection Insurance<\/strong>
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\n3. Maximise Work-Related Deductions<\/strong>
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\n4. Prepay Some Expenses<\/strong>
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\n5. Private Health Insurance Check<\/strong>
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\n![\"\"](\"https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2025\/06\/Picture1-300x101.png\")
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\n6. Know Your Tax Bracket (2024\u201325 Rates)<\/strong>
\n<\/span> Knowing your tax bracket gives you the power to make smarter financial decisions including planning deductions strategically, deferring income or bring forward deductions. For example, if you have extra cashflow, there may be value in making a concessional super contribution which will be taxed at a lower rate, therefore providing you with tax savings. ![\"\"](\"https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2025\/06\/Picture2-300x188.png\")
<\/p>\n
\nFor Business Owners & Sole Traders<\/strong>
\n<\/span><\/h1>\n
\n1. Get Your Books in Order<\/strong>
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\n2. Prepay Business Expenses<\/strong>
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\n3. Claim the $20,000 Instant Asset Write-Off<\/strong>
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\n4. Pay Employee Super on Time<\/strong>
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\n5. Finalise STP (Single Touch Payroll)<\/strong>
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\n6. Review Business Structure and Performance<\/strong>
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\nFor Investors<\/strong>
\n<\/span><\/h1>\n
\n1. Review Capital Gains or Losses<\/strong>
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\n2. Rental Property Owners: Maximise Your Deductions<\/strong>
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\n3. Manage Trust Income (if you\u2019re a beneficiary or trustee)<\/strong>
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\nFor SMSF Trustees<\/strong>
\n<\/span><\/h1>\n
\n1. Make Sure Super Fund Is Compliant<\/strong>
\n<\/span><\/p>\n\n
\n2. Prepare for the Audit<\/strong>
\n<\/span><\/p>\n\n
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\n3. Update Your Investment Strategy<\/strong>
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\n4. Review Estate Planning<\/strong>
\n<\/span><\/p>\n\n
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\n5. Note Lodgement Dates<\/strong>
\n<\/span> Start preparing your records for your auditor and accountant to ensure timely compliance with your fund\u2019s annual return and audit obligations<\/strong>.<\/p>\n\n
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\nDon\u2019t Leave It Too Late!<\/strong>
\n<\/span><\/h3>\n
\nNeed Help?<\/strong>
\n<\/span> Our team of tax, super and financial planning specialists can guide you through your EOFY action list\u2014whether you\u2019re managing a business, investing, or trustee. Email us at team@tagfinancial.com.au<\/a> or call us on 03 9886 0800.<\/p>\n
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