Expert Perspective: Why Timely Compliance Matters

Meeting these deadlines is not just about avoiding penalties. Timely compliance protects your business reputation and supports positive relationships with your employees. For example, paying SG contributions late can mean missed earnings for your team and additional charges for you. Likewise, accurate STP reporting helps your employees lodge their tax returns without delays, boosting confidence in your business operations.

Consider the case of a growing retail business that delayed updating payroll software after the SG rate change. Within weeks, errors in superannuation payments created administrative headaches, requiring hours of corrective work. This could have been avoided with proactive system updates in June.

How to Stay Ahead of Compliance

To make this EOFY smooth and stress-free:

• • Review your payroll settings before 1 July
    
    
  • Schedule SG payments ahead of the 28 July deadline
    
    
  • Cross-check your STP records for accuracy before lodging finalisations
    
    
  • Keep a checklist of ATO updates and ensure your systems reflect them
    
    

Your Trusted Partner for Compliance Success

Meeting end-of-year obligations can be straightforward with the right guidance. Aero Accounting Group works closely with business owners to ensure compliance, streamline payroll processes, and prepare for legislative changes before they take effect.

If you want expert support in navigating these upcoming obligations, book a consultation with Aero Accounting Group today. Together, we will help you meet every deadline and set your business up for success in the year ahead.

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.