The end of financial year can sneak up fast — and for many business owners, it’s easy to fall into “scramble mode”. But a little strategy now can mean a big difference in your tax position, cash flow, and peace of mind. At MBC, we help clients shift from reactive to proactive. EOFY doesn’t have to be stressful — not when you have a clear plan and the proper support.
1. Get Clear on Where You Stand
The first step is visibility. Knowing your year-to-date figures helps you:
- Estimate your likely tax liability
- Spot any red flags or gaps
- Identify opportunities to bring forward deductible expenses
A key part of this review is checking for opportunities across superannuation, payroll and business expenses. Here are a few simple but effective questions we walk through with clients:
Superannuation
- Have all your Super Guarantee (SG) obligations been met? Unpaid or late super is not deductible.
- Would prepaying super for the June quarter allow you to claim this financial year’s deduction?
- When making additional contributions to your Superannuation, please be mindful of the caps. If you are unsure, reach out to our Financial Planner, Greg Thornton
Payroll
- Are any staff bonuses or commissions due that could be paid before 30 June?
- Can salary packaging be adjusted for tax efficiency?
- Are your PAYG and STP obligations up to date and reconciled?
Expenses
Are there any planned purchases that could be made now to bring the deduction into this financial year?
These are small adjustments that, when timed well, can add up to meaningful tax savings.
2. What Does a MBC Tax Planning Session Look Like?
We get this question a lot, and the short answer is: it depends on you.
Every MBC tax planning session is customised to your business size, goals, and priorities. But here’s what most clients can expect:
- A 1 to 1.5-hour session with your dedicated Client Manager
- A chance to talk through your numbers, goals and concerns (not just tick boxes)
- For some, it’s a relaxed sit-down with a calculator and a whiteboard
- For others, it’s a deeper dive — with interim reports, projections and colourful graphs to model different tax scenarios
No two sessions are the same, and that’s intentional. Some clients just want to know how to reduce their tax bill, while others want to discuss strategy, structure, and long-term planning. We’re here for both.
3. Timing Tactics: Use the System to Your Advantage
EOFY planning isn’t about cutting corners — it’s about using the rules strategically.
Depending on your circumstances, we may recommend:
- Deferring income (e.g., pushing invoices into July)
- Prepaying expenses like rent or accounting fees
- Making additional superannuation contributions
- Finalising asset purchases before year-end
- Writing off bad debts to claim them this year
These decisions only work when you make them before 30 June, which is why now is the time to act.
EOFY isn’t something to muddle through — it’s an opportunity to make smart, confident decisions with expert support. Whether you want a quick tax tune-up or a deep-dive strategy session, MBC is ready to meet you where you’re at.
Book your EOFY Tax Planning Session today and finish the financial year strong.
