The end of financial year is the perfect time to take stock of your business finances. Prepare now for a strong start in the new financial year. Whether you’re a sole trader or running a growing operation. A few smart steps now can help you save on tax, stay compliant, and plan ahead. Use our simple EOFY financial health checklist to make sure you don’t miss a thing.
EOFY Financial Health Checklist
- ✔️ Review and replace deductible assets: Consider upgrading vehicles, tools, or equipment before June 30. This allows you to take advantage of the instant asset write-off and depreciation deductions.
- ✔️ Check for balloon payments due: Got a business vehicle with a balloon or residual due soon? Now’s the time to plan your payout or refinance strategy.
- ✔️ Confirm logbooks and usage records: Ensure your vehicle logbook is up to date to claim business-use deductions accurately.
- ✔️ Organise receipts and interest statements: Pull together receipts for work-related purchases and interest paid on financed assets. It all adds up at tax time.
- ✔️ Reassess your cash flow needs: Is your business growing? Looking at expansion? Consider pre-EOFY finance options to invest in what’s next.
- ✔️ Talk to your accountant (and your broker): Your accountant will help with tax strategy. And your finance broker can help you move fast on any upgrades or finance restructures before the deadline.
Need Help with Vehicles, Equipment or Refinancing?
EOFY is the busiest time of year for lenders. So if you need finance—or want to review an existing balloon or loan—now is the time to act. At AAA Finance, we make it simple to:
- 🚗 Upgrade with Low Doc Vehicle Finance.
- 💼 Refinance balloon payments.
- 📋 Prepare your finance paperwork quickly.
📞 Call 07 5493 1222 or apply online now to get EOFY-ready.
Simple Steps Today = Tax Wins Tomorrow!
