Tags
Free Tools & Tax Resources
AI custom autofill
Author
A
AVA TPublished
July 23, 2025
✅ EOFY Tax Checklist 2025 – 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)
Purchase tools, uniforms, or professional items
Top up superannuation (concessional cap: $30,000)
Review private health insurance (avoid MLS)
Claim income protection insurance
Make deductible donations to DGR charities
📂 What to Prepare
- Income statement (from employer via MyGov)
- Work expense receipts (uniforms, tools, education)
- Home office hours or utility bills
- Super contribution summary
- Private health insurance statement
- Bank interest & dividend summaries
- Last year’s tax return
EOFY_Tax_Checklist_2025_Employees_v2.pdf2.3 KB
✅ EOFY Tax Checklist 2025 – For Sole Traders & Side Hustlers
Get your books and deductions sorted before EOFY.
🔧 Before 30 June
Send all invoices
Review aged receivables – write off bad debts
Prepay eligible business expenses
Buy assets under $20,000 (if eligible)
Log business vehicle use (logbook method)
Review stock and write off obsolete items
Contribute to super (to claim deduction)
Export data from apps (e.g., Square, Xero, PayPal)
📂 What to Prepare
- All income records (invoices, sales reports)
- Business expense receipts
- Logbooks for vehicle or travel use
- MyDeductions app export (if used)
- Home office log
- Super contribution confirmation
- Loan interest or lease documents
EOFY_Tax_Checklist_2025_Sole_Traders_&_Side_Hustlers_v2.pdf2.3 KB
✅ EOFY Tax Checklist 2025 – 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 (non-concessional cap: $120,000)
Make deductible donations
Check franking credit details for dividends
📂 What to Prepare
- Dividend statements
- Buy/sell contracts for shares & crypto
- Crypto platform tax reports (e.g., CoinTracking, Koinly)
- Property rental statements
- Loan interest summaries
- Depreciation schedules
- CGT summary reports
EOFY_Tax_Checklist_2025_Investors_v2.pdf2.2 KB
💡 Ava’s EOFY Tip
“Don’t wait until July. Do your tax planning in May or early June to take action before it’s too late.”