30 June 2021 End of Year Checklists

Covered in our end of year checklist are strategies to maximise your deductions and related information required to substantiate your deductions.

Common claims made by Individuals:

  • Depreciating assets costing $300 or less including: 
  • Clothing expenses
  • Self-education expenses
  • Other work-related expenses

Maximising deductions for Businesses

  • Prepayment strategies (non-SBEs)
  • Accrued expenditure (for all business taxpayers - including SBE taxpayers)
  • Accelerating depreciation expenditure (for SBE taxpayers)
  • Prepayment strategies – SBE


If you have any queries in relation to your end of year tax planning, please do not hesitate to contact us.