EOFY Checklist 2026: Key Deadlines and Smart Actions Before 30 June

This EOFY checklist 2026 is designed to help business owners wrap up the financial year with less stress. With 30 June fast approaching, now is the time to review your records, check key deadlines, action super payments and make sure important EOFY tasks are not left until the last minute.

A little preparation now can help tidy up your records, maximise available deductions and give you a cleaner start to the new financial year. From reviewing stock and debtors to checking super payments and key ATO deadlines, here are some practical things to look at before the financial year wraps up.

EOFY Checklist 2026: Business Tasks to Review Before 30 June

1. Do a Stocktake

If your business holds stock, EOFY is a good time to physically count your inventory and check it against your records.

This helps ensure your books are accurate and gives you a clear picture of what stock you have on hand before EOFY.

If you are a Small Business Entity, you may not need to complete a stocktake if the change in your trading stock value for the year is $5,000 or less.

2. Write Off Unsellable Inventory

Once you’ve reviewed your stock, look for items that are damaged, obsolete or unlikely to sell.

Writing these items off before EOFY can help clean up your records and may reduce your taxable income.

3. Review Your Debtors

Take a look at your outstanding customer invoices.

If you are still chasing payments that are unlikely to come in, and a debt is genuinely unrecoverable, it may be worth writing it off before 30 June.

Make sure you have documented your attempts to collect the debt before claiming a deduction. This may include follow-up emails, reminders, payment requests or other records showing the debt is unlikely to be recovered.

4. Check Your Fixed Assets

Review your asset register and look for items that have been sold, scrapped or are no longer in use.

Removing or writing down these assets helps keep your records accurate and avoids overstating depreciation.

It is also a good opportunity to check whether your asset register still reflects what your business actually owns and uses.

5. Finalise Trust Resolutions

If you operate through a trust, make sure your distribution minutes are prepared and signed by 30 June.

This is an important EOFY step, so do not leave it until after the financial year has ended.

EOFY Checklist 2026: Super and Tax Planning Reminders

Pay Employee Super Immediately if You Haven’t Already

To claim a tax deduction for employee super in the 2025-26 financial year, the contribution must be received by the super fund on or before 30 June – not just paid from your bank account.

If you use Xero Auto Super or another clearing house and haven’t already processed your super, please action this immediately. Xero generally recommends allowing up to two weeks for payments to reach the fund, so late payments may not be received before 30 June.

Consider Prepaying Expenses

If cash flow allows, you may wish to prepay some expenses before 30 June.

This could include costs such as rent, insurance, subscriptions or other regular business expenses. Prepaying eligible expenses may help bring forward deductions into the current financial year.

As always, it is best to check what applies to your business before making decisions based purely on tax timing.

Plan for the Year Ahead

EOFY is also a great time to reset.

Take a moment to review your numbers, look at what worked this year and get clear on where you want to take the business next financial year.

A few questions worth asking:

• What were our strongest months and why?
• Which expenses need reviewing?
• Are there any services, products or clients that are no longer profitable?
• What do we want to improve in the next financial year?
• Do we need better systems, reporting or support?

A clean EOFY process can make planning for the new year much easier.

Key ATO Deadlines – June 2026

Here are a few key dates to keep in mind.

21 June – Lodge and Pay May Monthly Activity Statement

The ATO lists 21 June 2026 as the due date to lodge and pay the May 2026 monthly activity statement.

Because this date falls close to EOFY, make sure your records are up to date and any required lodgments are ready.

25 June – Lodge 2026 FBT Return, if Applicable

If your business provided fringe benefits to employees during the 2026 FBT year, your FBT return may be due by 25 June 2026 if lodged electronically by a registered tax agent.

This generally applies if you are registered for FBT and have reportable benefits.

30 June – EOFY Wrap-Up

30 June 2026 is the final day of the 2025-26 financial year.

This is the deadline for finalising many EOFY actions, including deductible super contributions, charitable donations, business purchases, write-offs and trust distribution resolutions.

Personal Super Contributions – What You Need to Know

If you are planning to claim a tax deduction for personal super contributions, timing matters.

1. Your fund must receive the contribution by 30 June

The contribution needs to clear and be received by your super fund by 30 June to count for the 2025-26 financial year.

Do not leave this until the last minute, as processing times can vary between banks and super funds.

2. You must submit a Notice of Intent to Claim

You need to lodge a valid Notice of Intent to Claim a Deduction form with your super fund before lodging your tax return, or by the required ATO deadline, whichever comes first.

For 2025-26 personal super contributions, the ATO deadline is generally the day you lodge your 2026 tax return or 30 June 2027, whichever comes first.

3. Wait for written confirmation

Your super fund must acknowledge your Notice of Intent before you can claim the deduction in your tax return.

Even if you have made the contribution, you cannot claim the deduction unless the notice has been properly lodged and acknowledged.

Need a Hand Before 30 June?

Whether it’s reviewing debtors, cleaning up your asset register, checking super deadlines or making strategic tax decisions, we’re here to help.

Please get in touch if you’d like support before EOFY.

This information is general in nature and does not take into account your personal circumstances. Please contact us for advice specific to your situation.