EOFY 2026 Checklist for Business Owners

The end of financial year. That wonderful time of year when the ATO looms large, and receipts go walkabout. But fear not – we’re here to help you face EOFY with the confidence of a labrador at a sausage sizzle.

We’ve pulled together a practical checklist tailored just for business owners. Because there’s a difference between knowing the rules and playing the game well. And you understand that the ATO isn’t exactly Santa Claus.

Tax isn’t just about compliance – it’s about strategy. The right accountant (hi, there!) doesn’t just help you tick boxes; they help you see around corners. So, here we go. Your checklist for this EOFY.

Get Your Records Sorted (Yes, all of them)

First things first – make sure your books are squeaky clean. EOFY is not the time for “close enough is good enough”.

• Reconcile bank accounts, credit cards, loans, and petty cash.
• Cross-check your transactions with invoices and receipts.
• Ensure payroll data is accurate and STP-compliant.
• Review your GST coding. One wrong category and it could be hello audit.

BridgePoint Group Tip: Use apps that let you scan receipts directly into your accounting software. No more shoebox archaeology.

Learn how BridgePoint Group’s Accounting team can elevate your business financial functions.

Stocktake & Asset Review

If you sell products, it’s time to count your widgets. Literally.

• Complete your stocktake by 30 June.
• Write off any damaged or obsolete stock.
• Update your asset register — this includes location, usage, and condition.
• Consider depreciation and whether it’s time to scrap outdated equipment.

EOFY is also a great moment to assess your liabilities and other commitments — customer deposits, unused gift vouchers, and those long-forgotten subscriptions still siphoning $9.95 a month.

Identify Every Possible Deduction

This is where the magic happens. Your business tax bill is malleable, like Play-Doh — you just need to know where to press.

• Review potential tax deductions: home office, professional development, bad debts, and pre-paid expenses.
• Pay June quarter super before 30 June to lock in a deduction this year.
• Consider voluntary super contributions to lower your taxable income and do future-you a favour.

BridgePoint Group Call Out: If you’re planning staff bonuses, make sure your bonus plan is documented before 30 June, or you’ll miss the deduction.

Mark Your Calendar Like Your Sanity Depends on It

Because it does.

• Add ATO lodgement dates, super due dates, and BAS lodgements to your digital calendar now.
• Mark deadlines for TPAR (due 28 August) if you’re in a relevant industry like construction or courier services.
• Keep track of new legislative changes. Fair Work likes to mix things up from time to time.

BridgePoint Group Tip: Ask your accountant (hi again, that’s us) for a tailored compliance calendar. It’ll make your year a lot less painful.

Case Study | Dynamic cash flow visibility: how to turn uncertainty into financial predictability

Tighten Cashflow Before the Year Ends

EOFY isn’t just a compliance deadline. It’s also a rare opportunity to optimise your cashflow for the year ahead.

• Review your pricing. Are your rates keeping up with costs?
• Cancel unused subscriptions. Yes, even the one you’ve forgotten about for three years.
• Automate invoices and set up direct debits if you’re not getting paid on time.
• Set up a dedicated tax savings account and automate transfers.

Small tweaks now can give you breathing room later.

Audit Your Software Setup

Clunky systems kill productivity. EOFY is the ideal time to switch or upgrade your accounting software if it’s not pulling its weight.

• Is your current system saving you time, or just confusing your staff?
• Book in training with your accountant if you’re not confident using it.
• Make sure it integrates well with your bank, payroll, and inventory tools.

Remember: tech is an enabler, not an obstacle course.

Check Your Business Structure & Obligations

Has your business grown? Hired staff? Acquired assets? Changed direction? If yes, you may need to tweak your setup.

• Do you need to register for GST?
• Have you outgrown sole trader status?
• Is a little complexity more justifiable than outright simplicity?
• Are you paying payroll tax in the right State or Territory?
• Are your insurances still appropriate?

As your trusted accountant, we’ll help you review these so you’re not flying blind.

Do a Strategic Review for FY27

Now’s the time to think bigger than “just get through tax season”.

• Review last year’s performance. What worked? What tanked?
• Set your targets for next year — revenue, margins, staffing, or even exiting the business.
• Build a budget and cashflow forecast to match your goals.

Let’s move from reactive to proactive. EOFY should feel like a launchpad, not a chore.

Lodge, Relax, and Celebrate

Last step: tie it all together.

• Prepare your tax returns (individual and company).
• Lodge on time — or ask your accountant about extended deadlines if using a tax agent.
• Breathe. Reflect. Maybe even take a day off.

Because after all that, you’ve earned it.

EOFY doesn’t have to feel like an audit-shaped monster under the bed. With the right systems, the right support (hello again), and a bit of planning, you can tackle it with confidence and a cheeky grin.

Let’s make EOFY 2026 your most efficient, profitable, and stress-free one yet.