30th June is nearly upon us. Here are some key things to be aware of that may affect your tax position this year:
Super cap is now $30,000 — The concessional contributions cap has risen to $30,000 for 2025–26 (up from $27,500). Topping up before year end is one of the simplest ways to reduce tax — just allow time for the payment to clear in your super fund's account by 30 June.
$20,000 instant asset write-off — this year only — Eligible assets under $20,000 can be fully deducted this year.
Outstanding super - Unpaid employee super isn't deductible until it's actually paid. If you want to claim the deduction this year. pay all outstanding super asap.
Trust resolutions - if you’re using a family trust, then trust distribution resolutions generally need to be signed before 30 June.
I've put together a full end-of-year planning guide covering these points and more — see the attached PDF.
If you'd like to talk through how any of this applies to your business, you can book a time directly here: book a call
Kind regards
Angus Morrison
Chartered Accountant
ABN 78 624 606 295 83A Balcombe Road, Mentone. PO Box 319 Mentone Vic 3194
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