Review your records and get yourself organised for the end of the financial year

Here's our handy checklist to help get you started:

  Reconcile all balance sheet items as at 30 June

   Organise year-end Payroll & Superannuation:

   Ensure salaries are paid for any administration support provided by related parties

   Ensure any super payable for any staff members has been paid by 21 June 2025

   Single Touch Payroll finalisation to be completed by 14 July 2025

  Ensure any personal superannuation contributions are made by 21 June 2025

   If claiming a deduction for additional Superannuation contributions, ensure that a Notice of Intent form has been completed and sent to the super fund in July 2025

   Review income & expense accounts to ensure explanations are clear

  Ensure any donations are made prior to 30 June

  Prepay for any conference expenses, training, subscriptions or memberships before 30 June

  Review receivables (if applicable) for any bad debts to write off

  For motor vehicle deductions, ensure your logbook is up-to-date and valid

  Review depreciation schedule for obsolete Plant & Equipment assets

  Ensure any required principal reductions have been made on loans outstanding as at 30 June

  Print a snapshot of all loan and bank account balances as at 30 June

  Gather documentation together for any asset purchases or disposals during the year:

  Settlement statements for any property purchases or sales

  Contract notes for any share sales or purchases (or trading summaries provided by a Third Party)

  Documentation provided by companies in relation to share buy backs, rights issues, etc

   Compile your record of transactions for any sale (or transfer between currencies) of Cryptocurrency holdings, as this is likely to lead to a taxable event