Amarose Accounting business tax return accountant Australia

Is Your Business Ready for Tax Time? Here’s What You Need to Know This EOFY

As the financial year draws to a close, there’s one big question every business owner should be asking:

“Am I prepared for my business tax return?”

Whether you’re running a sole trader gig, managing a growing company, or overseeing a self-managed super fund (SMSF), now is the time to get your books in order, tie up loose ends, and make sure you’re compliant—and confident—for tax time. Consulting a business tax return accountant can help ensure accuracy in your financial documentation.

At Amarose Accounting, we’ve been guiding businesses Australia-wide through the end of financial year for over 20 years. As a CPA Practice and one of only a handful of Certified Profit First Firms in Australia, we bring clarity, confidence, and cash flow strategies that stick.

Here’s your go-to guide for EOFY 2025.

What You Need to Lodge: Business Returns at a Glance

EOFY isn’t just about ticking boxes. It’s your chance to review, refine, and reset your financial game plan. Depending on your business structure, here’s what you may need to prepare:

Sole Traders: Individual tax return + business schedule
Partnerships: Partnership tax return + individual returns
Companies: Company tax return + director/shareholder returns
Trusts: Trust tax return + beneficiary distributions
SMSFs: Annual SMSF return + up-to-date property valuations and compliance audits

Reminder: If you have an SMSF that holds property, you’ll need a 30 June valuation for audit and compliance purposes.

Key EOFY Dates for Business Owners

30 June – End of the 2024–25 financial year
14 July – STP finalisation due for employees
31 October – Deadline to lodge tax returns (if doing it yourself)
15 May 2026 – Lodgement due (if you’re with a registered tax agent like us)

Pro tip: Getting your tax return in early can help smooth out cash flow and avoid surprises from the ATO.

Why Work With Amarose Accounting?

If you’re searching for an “accountant for my business tax return,” here’s what sets us apart:

Business Accounting with a Cash Flow Focus
We don’t just crunch the numbers—we help you understand them. Using the Profit First method, we make sure your business pays you and your tax bill.
Tax Planning & Compliance
We keep your business on the right side of the ATO with proactive advice, not reactive panic.
Company & SMSF Expertise
Need to lodge a company return, manage dividend payments, or meet SMSF requirements? We’ve got it covered.
No Cookie-Cutter Advice
Your business is unique. We offer personalised tax strategies, industry insights, and year-round support.

EOFY Tips to Maximise Deductions (Legally!)

Here are a few last-minute actions that could make a big difference:

Prepay expenses – Rent, subscriptions, or insurance
Write off bad debts – Clean up your receivables
Review asset purchases – Consider immediate deductions for eligible items
Super contributions – Ensure payments are made before 30 June to claim this year

Disclaimer: The information in this article is general in nature and not tailored to your personal circumstances. Please speak to Amarose Accounting or a trusted advisor to determine what applies to you.

Need Help With Your EOFY Tax Return?

We’re currently helping business owners across Australia get their tax returns finalised—without the stress.

Company tax returns
Sole trader & small business returns
Trust and partnership compliance
SMSF annual returns
Tax planning for 2025–26
Profit First implementation