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