✨EOFY: the paperwork, the opportunities, and all the feelings. 💫
"The end of the financial year is so much more than a tax deadline. It’s a moment of reckoning and a genuinely fabulous opportunity to reset. Here’s how to handle all three with confidence."
Section 1: Getting your books in order
Whether you manage your own records or hand everything to a professional, the weeks leading up to 30 June are the perfect time to get organised. And I mean really organised - not just shuffling papers into a pile and hoping for the best!
Here’s your practical checklist:
• Reconcile your accounts now. Log in to your accounting software and make sure every bank transaction is categorised and matched. Don’t leave this to the last week, t always takes longer than you think.
• Chase outstanding invoices. Any unpaid invoices from this financial year need to be collected or written off before 30 June. Money sitting in limbo serves nobody, least of all you.
• Gather your receipts and expense records. Home office, vehicle use, subscriptions, professional development —> everything needs a record. If it isn’t documented, it didn’t happen as far as the ATO is concerned.
• Review your super contributions.
✅ Check your concessional contributions cap
✅ Consider a spouse contribution
✅ Look at carry-forward unused cap.
Contributions must be received by your fund before 30 June - not just sent. This is one of those details that catches people every single year.
• Prepare a summary for your accountant. Note any major changes from last year — new income streams, big purchases, life events. The more context you give them, the better they can help you.
• Confirm the instant asset write-off threshold. This changes year to year, always check with your accountant before assuming what applies to you.
"Really useful tip: If you're not sure what your accountant needs, email them now and ask. Most will have a checklist and they genuinely appreciate clients who reach out early rather than on June 29 in a panic!"
Section 2: Making the most of EOFY sales
The EOFY sale frenzy is real and honestly, for good reason. But let’s be honest about something important: “it’s tax deductible” is not the same as “it’s free.” I see this misunderstanding all the time, and it costs people more than they realise.
• Technology & equipment: Laptops, phones, tablets and software are among the most commonly purchased EOFY items. Under the instant asset write-off scheme, eligible assets can often be deducted in full this year.
• Software & subscriptions: Annual subscriptions to tools you already use are worth prepaying up to 12 months ahead if you can get a discount. Generally, fully deductible for business use.
• Professional development: Courses, memberships, books and conferences directly related to your work are deductible. Enrolling before 30 June locks in the deduction this year.
• Office & equipment: Desks, chairs, filing systems — if you’re genuinely setting up or upgrading your workspace, now is a smart time to do it with the tax benefit on your side.
"A word of caution: A deduction gives you back a percentage of the cost, not the full amount. Spending $1,000 on something you don't actually need to save $300 in tax is still a $700 loss. Really? Yes, really. Shop smart, buy what serves your business, not what catches your eye in a sale at midnight"
Section 3:The emotional side of closing a financial year
Now here’s the section I really want you to sit with. Because for most business owners, freelancers and self-employed women, the end of financial year isn’t just admin. It’s a moment of reckoning.
“Did I charge enough? Did I work too much? Was it actually worth it?”
Those questions are not just practical, they are deeply emotional. And in my experience, the women who avoid looking at their numbers honestly are often the same women who have spent a lifetime being told - directly or indirectly - that wanting more is greedy, that asking for what they’re worth is pushy, that money is complicated and best left to someone else.
Sound familiar? Be curious about that.
If this year was hard, genuinely hard, I want you to know that running your own business or going out on your own takes a kind of courage that most people around you will never fully see. You made decisions without a safety net. You kept going on the days it felt impossible. You showed up, even when the numbers were scary.
That deserves more than a quick scroll past your bank balance on 30 June.
When I left corporate [with staff to handle things like marketing, organising my schedule, booking flights etc, etc, etc] and became a sole practitioner, the first thing I had to decide was ‘What did success look like for me now?”
Before you close the books on FY26, do these three things with intention:
Write down three wins from the year. Not the big obvious ones, the quiet ones too. The client you kept. The boundary you finally held. The invoice you sent without apologising for your rate.
💜 Be honest about what drained you
What cost you more than it gave back? This is not about self-criticism, it’s about making intentional decisions for next year rather than defaulting to the same patterns.
You made it through another year. That is genuinely something.
Celebrate it — > dinner, a walk, a moment of stillness. Whatever feels like acknowledgement to you.
The new financial year is a blank page. FY27 gets to look however you choose to design it, what is a fabulous thing.
If you’ve been putting off getting clear on your money —> your mindset around it, your plan for it, your confidence with it, the start of a new financial year is the most natural reset point there is. Use it.
Ready to make FY27 your most intentional year yet?
Let’s sit down together and build a plan that works, for your money and your mind.
