Last-Minute EOFY 2026 Tax Tips: Smart Moves Brisbane Taxpayers Can Still Make Before 30 June

The end of the 2026 financial year is just days away, and 30 June is the hard deadline for many of the decisions that shape your tax bill. The good news is that there is still time to act. Whether you are an individual taxpayer or a small business owner in Brisbane, a few well-timed moves before midnight on 30 June can legitimately reduce the tax you pay this year, provided they are done correctly and in line with ATO rules.

At FinTax Partners in Greenslopes, we help individuals, families and businesses across Brisbane’s Southside make the most of every legitimate opportunity at tax time. Here are the practical, last-minute EOFY 2026 strategies still available to you, plus the common mistakes to avoid in the final week.

 Last-Minute EOFY Tips for Individuals

1. Top Up Your Super (and Use Unused Cap From Past Years) Personal concessional (before-tax) super contributions can be one of the most effective last-minute deductions. For 2025-26, the concessional contributions cap is $30,000, which includes your employer’s Super Guarantee. If your total super balance was under $500,000 on 30 June 2025, you may also be able to carry forward unused concessional cap amounts from up to the previous five years, allowing a larger deductible contribution this year. The contribution must be received by your fund before 30 June, so do not leave it to the last day, and lodge a valid notice of intent to claim before lodging your return.
2. Bring Forward Deductible Expenses If you have work-related expenses, professional memberships, subscriptions, or income protection insurance premiums coming up, paying them before 30 June brings the deduction into this financial year. The expense must genuinely relate to earning your income, and you need a record for every claim.
3. Get Your Records and Receipts in Order Now Every deduction needs evidence. Pull together receipts, logbooks, bank statements and your private health insurance statement now, while it is fresh. Good records are what turn a possible deduction into a claimed one, and they are your protection if the ATO asks questions later.
4.     Review Your Investment Property Before 30 June Property investors can often bring forward deductible costs such as repairs, maintenance and interest, and should make sure depreciation is being claimed correctly. Timing the sale or purchase of an investment asset can also affect your capital gains tax position. A quick review now can prevent a costly oversight.
5.    Make Tax-Deductible Donations Donations of $2 or more to a registered deductible gift recipient (DGR) made before 30 June are generally tax deductible. Keep your receipts.

Last-Minute EOFY Tips for Small Businesses

1. Using the $20,000 Instant Asset Write-Off Before It Is Installed Too Late For 2025-26, eligible small businesses with an aggregated turnover under $10 million can immediately deduct the full cost of eligible assets costing less than $20,000 each. The threshold applies per asset, so multiple assets can qualify. The critical catch in the final week: the asset must be first used or installed ready for use by 30 June 2026, not merely ordered or paid for. If delivery slips into July, you miss the deduction this year.
2. Pay Employee Super Before 30 June to Claim It This Year Super is only deductible in the year it is received by the employee’s fund, not the year it is accrued. Paying your June quarter (or earlier) super contributions before 30 June, with enough time for the clearing house to process them, can bring the deduction forward. Remember the Super Guarantee rate is now 12% for 2025-26.
3. Prepay Expenses and Bring Forward Purchases Small businesses can often prepay expenses such as rent, insurance, subscriptions and interest, and bring forward the purchase of consumables and stock, to claim the deduction this year. Make sure the spending makes commercial sense, not just tax sense.
4. Write Off Bad Debts and Review Your Stock Genuinely unrecoverable debts that are formally written off before 30 June can be deductible. A stocktake can also identify obsolete or damaged stock that may be written down. Both should be documented properly.
5. Review Your Cash Flow and Tax Position Now The final week is the time to confirm your expected position with your accountant, so any planning is done before the window closes, not discovered in July when it is too late.

Common Last-Minute EOFY Mistakes to Avoid

• Spending money just to get a deduction. A $20,000 purchase to save a few thousand in tax still costs you $20,000 in cash. Only buy what your business actually needs.
• Leaving super contributions to 30 June. If the fund receives the money in July, the deduction falls into next year.
• Assuming an ordered asset counts. For the instant asset write-off, the asset must be installed and ready for use by 30 June.
• Forgetting records. No receipt, logbook or evidence usually means no deduction.

Trying to bring forward income or defer it without advice. Getting the timing wrong can cost more than it saves.

Act Before 30 June: Talk to a Brisbane Tax Agent Today

With EOFY 2026 only days away, the time to act is now. The team at FinTax Partners in Greenslopes can review your position quickly and help you make the most of every legitimate opportunity before 30 June. We work with individuals, small businesses, property investors and healthcare professionals right across Brisbane.