EOFY Planning: What to Review Before 30 June

A considered approach to EOFY can help bring greater clarity around performance, obligations and future planning.

The role of EOFY in your overall financial position

End of financial year planning is often associated with tax, but it can also play a broader role. It provides an opportunity to take stock of:

• Financial performance over the past 12 months
• How current structures are functioning
• Whether existing strategies are still aligned with future goals

Looking at EOFY in this way can shift the focus from short-term decisions to longer-term direction.

Areas that are commonly reviewed

While every situation is different, there are several areas that are often considered in the lead-up to 30 June.

Income and expenses

The timing of income and expenses can influence financial outcomes for the year. Understanding how these interact can provide a clearer picture of overall performance.

Business assets and investment activity

For many businesses, EOFY is a point where asset purchases and investment decisions are reviewed in the context of current needs and future plans.

Superannuation contributions

Super can be an important part of long-term financial planning. Reviewing contributions and how they sit within applicable limits is often part of EOFY considerations.

Structures and distributions

Where trusts or company structures are in place, EOFY is typically when income allocation and distributions are assessed, particularly in the context of compliance and overall efficiency.

Cash flow position

Looking at cash flow, outstanding obligations and upcoming commitments can help provide a clearer view heading into the new financial year.

Avoiding last-minute pressure

EOFY can sometimes feel rushed, particularly if key decisions are left until late in June. This can lead to choices being made without full visibility or context.

Allowing time for review and consideration can support more informed outcomes and reduce the pressure that often comes with tight deadlines.

A broader perspective

Rather than viewing EOFY as a standalone event, it can be helpful to see it as part of an ongoing cycle. The insights gained at this time of year can inform:

• Planning for the year ahead
• Adjustments to financial strategies
• How opportunities and risks are managed over time

Small adjustments, made with a clear understanding of the bigger picture, can contribute to stronger long-term results.

Starting the conversation

EOFY often serves as a prompt to revisit financial matters that may have been set aside during the year. Taking the time to review and reflect can provide valuable clarity, particularly ahead of a new financial period.

Beginning that process earlier allows for more considered thinking and a clearer understanding of available options.