EOFY 2025 Tax Deductions Guide: How to Maximise Your Returns

Discover key strategies to reduce your tax bill, avoid ATO scrutiny, and make smarter year-end decisions before 30 June 2025.

As June 30 approaches, many Australian business owners are so focused on day-to-day operations that they miss critical opportunities to improve their position at tax time. The good news? With the right guidance and a few smart moves, you can optimise your deductions, avoid common traps, and walk into the new financial year in control.

Here’s what you need to know.

1. Super Contributions: One of the Easiest Wins

If building your super is part of your long-term plan, you may still be eligible to:

- Use up your $30,000 concessional cap
  (Includes employer contributions, salary sacrifice, and personal deductible contributions.)
- Catch up unused contributions from the past five years
  (If your total super balance was under $500,000 on 30 June 2024.)
- Offset your capital gains
  (A large personal contribution can help reduce tax owed on asset sales.)
- Claim a spouse super contribution tax offset
  (Worth up to $540 if their income is below $37,000.)

📌 Reminder: To claim a deduction, you’ll need to lodge a Notice of Intent with your super fund and receive acknowledgement before lodging your tax return.

2. Charitable Giving That Gives Back

Donating to charity is not only rewarding — it’s deductible. But only if done right:

- Only gifts of $2 or more to registered Deductible Gift Recipients (DGRs) are eligible.
- No benefit must be received in return (e.g., no raffle tickets or dinners).
- Consider public or private ancillary funds for long-term giving strategies.

💡 Example: A $10,000 donation could save someone earning $180,000+ up to $4,500 in tax.

3. Property Owners: Claim What You’re Entitled To

If you own an investment property, don’t overlook:

- Depreciation schedules to claim wear and tear.
- Interest deductions — but only for the portion of the loan used for income-generating purposes.
- Repairs vs. capital works — only repairs are deductible immediately. Structural improvements and full asset replacements (like hot water systems) are depreciated over time.

🚨 ATO alert: Claims are under scrutiny, especially for holiday homes not genuinely available for rent.

4. Work-from-Home? Know Your Deduction Options

The ATO is watching work-from-home claims closely. You have two options:

- Fixed rate method (70c/hour): Covers energy, internet, phone, and office supplies. You must keep a log of hours worked.
- Actual cost method: Claim exact expenses — but keep receipts and a 4-week representative work diary.

📌 No, you can’t claim your morning coffee or toilet paper (yes, people have tried).

5. Business Deductions to Action Before 30 June

Make sure you act before EOFY to lock in these:

- Write off bad debts: If recovery is unlikely, document it in your records before 30 June.
- Scrap obsolete equipment: Clear old assets off your books and claim them now instead of slowly depreciating.
- Pay super early: Paying your June quarter super in June can bring forward the deduction.
- Commit to bonuses: Directors’ fees or staff bonuses can be deductible this year if formally resolved.

Let’s Make Tax Time Work for You

You’ve worked hard all year. Let’s make sure your tax strategy works just as hard.

✅ Book a consultation with Aero Accounting Group — we’ll help you take full advantage of every opportunity before June 30.

Aero Accounting Group is your trusted partner for clear, proactive, and practical advice — helping you make confident, informed decisions all year round.

EOFY doesn’t have to be stressful. With the right support, it can be a smart turning point for your business.

Need help?

Not sure if your current accountant is a good long-term fit? Contact us at Aero Accounting Group today and we’ll help you minimise your taxes and maximise your profits