2 May 2026 · 8 min read

The Australian small business tax checklist for 2026

Most of the work of a clean lodgement happens before you talk to your accountant. Pull these together by 30 June and the rest is mechanical.

Every business

• • Year-end bank statements for every business account
• • Loan and credit facility statements showing 30 June balances
• • Xero / accounting software access (or trial balance + GL if not on cloud)
• • Asset purchases over $300 with invoices and dates
• • Asset disposals with sale invoices
• • Outstanding debtors and creditors as at 30 June
• • Stock on hand count (if applicable)
• • Motor vehicle log book (if claiming > cents-per-km)
• • Home office hours / square metres (if claiming)
• • All BAS lodgements for the year

If you have staff

• • STP finalisation through your payroll software
• • Super guarantee — confirmed paid for all four quarters
• • Workers comp policy renewal & declarations
• • PAYG withholding payment summary annual report (if not via STP)

Sole traders

• • PSI test — do you fall under personal services income rules?
• • Personal super contribution notices (if claiming)
• • Private health insurance statement
• • Bank interest from personal accounts holding business funds

Companies & trusts

• • Distribution / dividend resolutions, dated before 30 June
• • Director loan account balances and movements
• • Trust distribution minutes for the year
• • ASIC annual review payment confirmation
• • Any related-party transactions (loans, rent, services)

EOFY tax-planning levers worth checking

• • Concessional super contributions — usually capped at $30,000
• • Instant asset write-off thresholds (check current limit)
• • Prepaying expenses 12 months in advance
• • Bad debts — written off before 30 June
• • Trading stock valuation method
• • Bringing forward repairs and maintenance

Your local advisers

Want this checklist tailored to your business?

Zahid and Inam can turn this checklist into a practical month-by-month plan for your Broadmeadows business.

Zahid Chowdhury

Founder & Principal Accountant

Zahid helps with structure, strategy, and big tax decisions so you can grow with confidence.

Inam Asiful

Senior Consultant

Inam keeps your BAS, payroll, and tax lodgements clear, accurate, and on time.

Disclaimer: This article is general information only and is not tax, financial, or legal advice.

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