#Hornsby Accountant#Hornsby Tax#Hornby Business

Essential tax planning tips for small businesses this end of financial year

As the 2024-25 end of financial year (EOFY) draws to a close, small business owners should take proactive steps to optimise their tax positions. With the deadline of 30 June fast approaching, now is the time to finalise records, confirm compliance and maximise deductions. Below are five essential areas to focus on:

 1. Leverage the $20,000 instant asset write-off