30 June is just around the corner. From chasing invoices and getting your books up to date to buying gear before the tax deadline — here’s the practical EOFY checklist built for trade business owners.

1. Get your books up to date

Reconcile everything from 1 July 2025 to 30 June 2026 — bank accounts, credit cards etc. Clean books make the rest of this list a lot easier.

• Reconcile all accounts
• Discuss with your accountant and bookkeeper what receipts and invoices you need to keep (or find!), and start work on that now

2. Chase every unpaid invoice

That money is yours — it’s just sitting in someone else’s account. EOFY is one of the best times to follow up.

• Pull up your outstanding invoices
• Follow up anything over 30 days
• Pick up the phone on anything that is overdue or larger value – it can be an uncomfortable discussion, but you have done the work, you need the funds to run your business.  Often customers will prioritise paying creditors that shout the loudest – so if you stay quiet, someone is probably getting paid ahead of you.

3. Buy gear you need — before 30 June

Tools, equipment, safety gear, a laptop for quoting, van fit-out — where assets cost under $20,000, you can deduct the full cost this financial year instead of depreciating it over time.

• Must be purchased and ready to use before 30 June — ordered but not arrived doesn’t count
• Reduces your taxable income, not your tax bill dollar-for-dollar
• Don’t buy gear you don’t need just for the write-off

🔧 Reece's Annual Tool Promotion drops 1 June. It’s a good chance to stock up on the tools and equipment you need before 30 June — hit the instant asset write-off and save at the same time. Keep an eye out for it.

Where you have made a tax profit this year, and need some new gear, but cashflow is tight – then a Laddr line of credit lets you buy assets now, reduce your tax bill,  and then payoff the purchase over time when invoices come in.

4. Sort your super

If you have employees:

• Q4 super (April–June payroll) must reach your employees’ funds by 28 July 2026  
• From 1 July, super moves to every payday instead of quarterly — make sure your payroll and cashflow setup is ready

If you’re self-employed:

• You may be able to make a personal super contribution before 30 June and get better overall tax treatment— talk to your accountant!

5. Check your vehicle logbook

The use of the ute or van is one of the most common deductions for tradies — and one of the most audited. Ask your accountant if you have done everything required to ensure you get the deductions you are owed.

6. Book your accountant now — not after 30 June

Before 30 June, your accountant can help you take action. After 30 June, they can only lodge what happened. They’re busy in June — so call them this week.

• Get a pre-EOFY session in their calendar in the next couple of weeks.

7. Check your cash flow  

If you’re buying gear before the deadline, covering super, paying BAS — and waiting on invoices that haven’t landed yet. That’s exactly what a Laddr line of credit is built for. It’s a flexible finance option built for Reece trade customers. Draw what you need, repay when your invoices come in. You only pay for what you use.

See how it works at laddr.com.au

‍

‍

The above is provided as general information only — this is not financial or tax advice. Talk to your accountant about what applies to your situation. For official ATO guidance, visit ato.gov.au.