An end of financial year checklist for Australian small businesses

Get ready to pop the champagne and delete the 120 emails from your accountant, it’s almost the end of the financial year — a time of much rejoicing for Australian business owners.

On the penultimate day of the financial year, you might be already keen to put your feet up, but even with mere hours left until July 1, there’s still a chance you’ve missed out on a key tax deduction or essential legal change that could throw you for a loop in the coming weeks.

As always, SmartCompany has a compendium of knowledge when it comes to tax tips and legal changes on July 1. For your peace of mind, take a quick second to run through our latest EOFY content (then you can get into the bubbly).

• Nine end of financial year tax tips for Australian small businesses

• July 1 legal changes your small business needs to know about

• How to get your business ready for Single Touch Payroll

• SmartCompany explainer: What are the new GST changes for online purchases, and how will they affect you?

• Xero users hit with multiple fake invoice email scams in lead up to tax time

• Have a stress-free July: Five tax time tips from the ATO for SMEs

• Greens push for change to $20,000 instant asset write-off to encourage SMEs to embrace renewable energy

• SMEs warned against “unreasonable” clothing tax deductions after business owner claimed $40,000 in laundry over two years

• Home offices, work claims and crypto: What’s on the ATO’s hit list this July