Ep 182: EOFY tax planning for business owners

Send us Fan Mail (https://www.buzzsprout.com/2006849/fa...) EOFY Planning for Business Owners: What to Do Before 30 June With the end of the financial year fast approaching, business owners still have time to make decisions that can legitimately reduce tax, improve cash flow, and strengthen their financial position before 30 June. In this episode, Stuart and Mena cut through the noise surrounding EOFY planning and focus on the practical strategies that matter most. They discuss the key areas every business owner should be reviewing in the final weeks of the financial year, including the timing of deductions, managing year-end cash flow, maximising superannuation contributions before the relevant cut-offs, and understanding how the instant asset write-off rules may apply. The conversation also explores the importance of structure, substantiation, and documentation. Many EOFY strategies fail not because the idea was wrong, but because the paperwork, timing, or commercial rationale was not properly considered. Stuart and Mena explain the common mistakes business owners make when rushing to implement last-minute tax strategies and why acting under pressure often creates more problems than it solves. Most importantly, this episode reinforces that effective EOFY planning is not about chasing loopholes or making purchases simply because they are deductible. It is about ensuring the decisions you have already made are properly documented, the opportunities available to you are not overlooked, and any action taken before year-end makes commercial sense as well as tax sense. Whether you are running a small business, managing a growing company, or navigating your first EOFY as a business owner, this episode provides a practical framework to help you approach 30 June with greater clarity and confidence. If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey! Click here (https://www.prosolution.com.au/stay-c...) to subscribe to our weekly email. SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here (https://prosolution.com.au/books.) . Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website (https://prosolution.com.au/) . Follow us: Stuart: Twitter/X (  / stuartwemyss  ) and LinkedIn (  / stuartwemyss  ) .  Mena: LinkedIn (  / mena-abraham-99635579  ) IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.