EOFY funding checklist

The end of the financial year is a natural moment to take stock: of the books, the tax position and the cash the business will need in the months ahead. A little planning in May and June can make July and August far less stressful.

The checklist

1. Equipment purchases

If the business genuinely needs equipment, talk to your accountant about timing. For eligible businesses with aggregated turnover under $10 million, the instant asset write-off threshold is $20,000 per asset and has been made permanent from 1 July 2026. Rules about when an asset is first used or installed matter. Equipment finance can fund the purchase without draining cash. Never buy something just for a deduction; the deduction only offsets part of the cost.

2. Tax bills ahead

Estimate the June quarter BAS, any PAYG instalments and the income tax position. Put them in your forecast.

3. ATO debts

If there is an overdue balance, decide how to deal with it: payment plan, cash or funding. GIC incurred from 1 July 2025 is not tax deductible. Our guide to ATO debt options explains each route.

Numbers in front of you? Put them in the enquiry and we will tell you plainly what looks realistic. Enquiring does not touch your credit file.

4. Debtors

Review your aged debtors report. Chase overdue accounts, and ask your accountant whether any genuinely uncollectable debts should be written off before 30 June.

5. Stock

Do a stocktake. Identify slow-moving lines and plan to clear them. Do not over-order before 30 June unless the stock will sell.

6. Renewals in July

Insurance, registrations, licences and software subscriptions often renew at the start of the financial year. List them and their amounts.

7. Funding for the first quarter

If the forecast shows a gap in July or August, arrange funding before 30 June while your statements look strong. A standby facility set up now is far easier than one requested in a hurry.

Quick reference

Task	When
Review equipment needs with accountant	May
Stocktake and debtor review	Early June
Estimate tax and BAS	June
Arrange funding for Q1	Before 30 June
Renewals and insurance	Budget in June, pay in July

Payday super

From 1 July 2026, super is paid with each pay run. If your business is moving to payday super at the start of the financial year, update your forecast and payroll systems before July. See our guide to payday super.

Talk to your accountant early

Accountants are busiest after 30 June. A meeting in May, with your numbers and questions ready, gets far better advice than a rushed call in July.

More on this topic

• Buying equipment and the instant asset write-off: How the $20,000 instant asset write-off works for eligible small businesses, how it fits with equipment finance and the timing traps to avoid.
• Equipment finance: Equipment finance lets the business buy machinery, vehicles and tools without draining cash. How asset-secured lending works and what to check first.
• BAS quarter cash planning: A practical routine for planning cash around your quarterly BAS: separating GST and PAYG, forecasting the bill and avoiding last-minute shortfalls.
• At call business funding: At call business funding means capital you can reach the moment the business needs it. How standby facilities work and how to set one up before you need it.
• Business loan costs and tax: the basics: General guidance on how business loan interest, fees and repayments are usually treated for tax, and why you should confirm your situation with an accountant.

A quick glossary

• BAS: the business activity statement used to report and pay GST, PAYG withholding and other amounts to the ATO.
• General interest charge: the ATO’s interest on overdue tax, set quarterly and compounding daily; not deductible when incurred from 1 July 2025.
• PAYG withholding: tax withheld from wages and other payments, which the business passes on to the ATO.
• Credit file: the record held by credit reporting bodies of credit applications, accounts and any defaults.

Five things to confirm with any lender

• What is the total amount I will repay, including every fee?
• Are there fees for repaying early, and how are they worked out?
• How are repayments collected, and how often?
• What security or guarantees are required?
• What happens if a repayment is missed?

Getting advice alongside funding

Funding decisions often have tax, legal or family consequences. Talk to your accountant about how repayments, interest and any asset purchases will be treated, and to a lawyer if property, guarantees or a change of structure are involved. Getting advice before you sign is far cheaper than unwinding a decision afterwards, and it usually makes the application stronger too.

The short version

• Plan equipment timing with your accountant
• The $20,000 instant asset write-off is permanent from 1 July 2026
• July and August bring tax and renewal bills
• Arrange facilities before 30 June

How we work through it with you

Everything starts with a short enquiry: how much, what for, how long you have traded, roughly what you turn over and whether there is property in the picture. A person, not a scoring engine, reads it and calls you. They ask for the evidence that actually decides the loan, explain the realistic options and give you the full cost in writing. Nothing goes ahead, and no credit check is run, until you say yes. On a complete file, approval within the hour is possible. Every step is explained as it happens, so you always know what is being checked and why.

Funding or another fix?

Good borrowing has a job and an end date. Before you enquire, write down in one sentence what the money is for and how it will be repaid. If that sentence is easy to write, you are probably in the right place. If it is not, it is worth a closer look at the business’s cash flow before taking on new repayments.

Getting your details together

A little preparation makes the first conversation far more useful, and it means the person who calls you can talk about options rather than chasing basic details:

• Your ABN and the legal name of the business.
• Online banking access, so recent statements can be shared through a secure read-only link.
• A rough figure for monthly turnover and the amount you need.
• A list of current loans and repayments, including any ATO payment plan.
• If property is involved, the address and roughly what is owed on it.

Getting the enquiry right

Every question on the form is there for a reason: it changes which funding fits. Describe the business as it stands today rather than the version you expect in six months. Mention any default, tax debt or recent decline in the notes. We look at those situations all the time, and knowing early lets us head straight for options that can actually work.

Let’s see what fits

The next step is simple: send us the basics and a real person will call. There is no credit check when you submit it, and nothing goes to another lender without you knowing. Fill the form in accurately, especially the amount and your monthly revenue, because those two answers decide which option fits and how quickly it can move.