25/06/2025
The financial year is quickly coming to a close... โฑ๏ธ๐๏ธ
This is a friendly reminder to make any final tax-deductible purchases, donations or super contributions that you wish to claim in the 2025 financial year!
Super contributions must be received by the super fund by the 30th June 2025 in order to be tax-deductible in the 2025 financial year.
The instant asset write-off limit of $20,000 (for eligible small businesses) also comes to an end on the 30th June 2025.
Additionally, income tax deductions will no longer be allowed for ATO interest charges incurred on or after the 1st July 2025. If you have a tax debt, itโs a good time to consider your arrangements.
If you need any assistance or want to have a chat, feel free to get in touch with our office ๐