Business Tax Planning Before 30 June 2026: What to Be Thinking About

Running a business means juggling a lot of moving parts - and tax often slips down the priority list until it’s too late.

Here are some general tax planning areas business owners should be reviewing before 30 June 2026.

1. Timing of Income and Expenses

Where commercially appropriate, the timing of:

• issuing invoices,
• receiving payments,
• or bringing forward expenses
  can affect which financial year income or deductions fall into.

2. Asset Purchases

The $20,000 instant asset write‑off for small business entities applies for assets first used or installed ready for use by 30 June 2026.

From 1 July 2026, this threshold is currently scheduled to drop - so timing matters.

3. Superannuation

To claim a deduction:

• employee super must be received by the fund by 30 June,
• late payments may miss the deduction entirely.

4. Trust Matters

If your business operates through a trust:

• trustee distribution resolutions must be prepared and signed by 30 June,
• failing to do so can result in tax at the top marginal rate.

5. Previously Written‑Off Assets

Assets claimed under temporary full expensing or instant write‑off rules can create unexpected taxable income when sold.

This often catches business owners by surprise - planning avoids that shock.