EOFY Tax Checklist 2025 (Australia)
An end-of-financial-year tax checklist for Australian employees, sole traders and investors — what to do before 30 June and which records to prepare for your 2025 return.
By AvaShort answer
A simple end-of-financial-year checklist to make the most of your deductions before 30 June — split by employees, sole traders and investors. Tick off what applies to you and gather the records listed.
For employees
Make the most of your salary-based deductions before 30 June.
Before 30 June
- Prepay work-related expenses (courses, subscriptions)
- Claim WFH deductions (fixed rate 67c/hour, or actual cost)
- Purchase tools, uniforms or professional items you need
- Top up superannuation (concessional cap $30,000)
- Review private health insurance (to avoid the MLS)
- Consider income protection insurance (premiums may be deductible)
- Make deductible donations to DGR charities
What to prepare
- Income statement (from your employer via myGov)
- Work-expense receipts (uniforms, tools, education)
- Home-office hours or utility bills
- Super contribution summary
- Private health insurance statement
- Bank interest and dividend summaries
- Last year's tax return
For sole traders & side hustlers
Get your books and deductions sorted before EOFY.
Before 30 June
- Send all outstanding invoices
- Review aged receivables — write off genuine bad debts
- Prepay eligible business expenses
- Buy eligible assets (check the current write-off threshold)
- Log business vehicle use (logbook method)
- Review stock and write off obsolete items
- Contribute to super (to claim the deduction)
- Export data from your apps (Square, Xero, PayPal)
What to prepare
- All income records (invoices, sales reports)
- Business-expense receipts
- Logbooks for vehicle or travel use
- Home-office log
- Super contribution confirmation
- Loan interest or lease documents
For investors
Wrap up your investment records and tax strategy.
Before 30 June
- Review capital gains/losses — plan any asset sales
- Prepay investment loan interest (if eligible)
- Claim property-related deductions (maintenance, insurance)
- Top up super (be mindful of the non-concessional cap)
- Gather records for dividends, distributions and franking credits
What to prepare
- Buy/sell contract notes for shares and crypto
- Rental property income and expense records
- Dividend and distribution statements
- Investment loan interest statements
- Prior-year capital loss carry-forward records
Once your records are together, tax time becomes far less stressful. Keeping receipts and statements organised through the year — rather than scrambling in July — is the single biggest favour you can do your future self.