Things Small Business Owners Should Know
Running a small business has never required more agility — from cashflow pressures to shifting tax rules, the landscape is changing fast. The good news is that a few smart moves now can protect your bottom line, strengthen compliance, and set you up for a smoother EOFY.
Here are the essentials every small business should have on their radar.
1. Payday Super Is Coming. Get Ready Now!
From 1 July 2026, super must be paid every payday, not quarterly. This means cash leaves your business more frequently, removing the working capital buffer many businesses have relied on.
What to do now:
Upgrade your payroll systems so super is calculated and paid each cycle, and confirm clearing house timing (funds must arrive within 7 business days).
Model the cashflow impact and identify tight months early. Consider whether you’ll need a buffer, overdraft, or invoice finance — especially if you’re labour heavy.
Communicate with your team about more frequent super deposits and any changes to salary sacrifice or commission structures.
2. Use the $20,000 Instant Asset Write Off
If your turnover is under $10 million, you can immediately deduct the full cost of eligible assets under $20,000 each — and there’s no limit on how many you can claim.
The key rule: assets must be installed and ready for use by 30 June 2026.
Common eligible purchases:
Tools, machinery and equipment
Computers, monitors and IT upgrades
Office furniture (time to retire the 1998 swivel chair)
Vehicles under the cost limit
Trailers, signage and fit outs
Before making a big purchase, get advice. In some cases, using the depreciation pool may be more beneficial, especially with thresholds changing next year.
3. Prepay Expenses to Boost This Year’s Deductions
Prepaying certain business costs before 30 June can increase your deductions this financial year. Eligible expenses must relate to a service period of 12 months or less.
Typical prepaid expenses include insurance policies, utilities and professional memberships and subscriptions
Just remember: if you claim them this year, you won’t be able to claim them again next year.
If you’re unsure how these changes might affect your cashflow, borrowing capacity, or future lending options, now is the perfect time to speak with a mortgage broker. We can help you model scenarios, plan ahead, and make informed decisions that keep your business resilient, not reactive.
Ready to Strengthen Your Business Before EOFY?
DISCLAIMER: Information provided in this article is for general information purposes only and is not to be interpreted as advice. The information presented has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information, having regard to your own objectives, financial situation and needs.
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