Episode 104

Maximising The Financial Year End

Published on: 21st June, 2026

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If you've ever wondered how to maximise your tax position before 30 June and set your business up for a stronger financial year ahead, this episode is for you.

Hello and welcome to this week's episode of The Australian Small Business Show.

As the end of financial year approaches, many Australian small business owners focus on compliance tasks and tax returns, but there is also an opportunity to take a strategic approach to improving business performance. In this episode, we discuss the practical steps business owners can take before 30 June to ensure they are making informed financial decisions and preparing for a successful year ahead.

We explore a range of end-of-financial-year strategies including reconciling accounts, understanding your profit position, reviewing business structures, making concessional superannuation contributions, identifying bad debts, prepaying eligible expenses, and improving debtor collections. We also discuss the importance of working closely with your accountant to understand the most appropriate tax planning opportunities for your specific circumstances.

If you've been asking yourself, "What should I be doing before 30 June to reduce stress, improve cash flow, and make better financial decisions for my business?", this episode provides a practical roadmap. We also discuss how Australian small business owners can use the new financial year as a planning milestone by reviewing pricing, preparing cash flow forecasts, creating budgets, evaluating subscriptions and software expenses, and identifying opportunities to improve business performance over the next 12 months. We touch on upcoming changes such as payday super obligations and anti-money laundering reforms that may impact some professional service businesses.

Key Takeaways:

  • Ensure your accounts are fully reconciled and up to date before 30 June so you have an accurate understanding of your profit position.
  • Speak with your accountant about tax planning opportunities, including concessional superannuation contributions and business structure considerations.
  • Review outstanding debtors, write off bad debts where appropriate, and improve collections to strengthen cash flow.
  • Consider prepaying eligible expenses such as insurance, subscriptions, training, and professional services where appropriate.
  • Prepare a cash flow forecast and budget for the new financial year, particularly with upcoming payroll and superannuation changes.
  • Review pricing, subscriptions, software tools, and operational expenses to identify opportunities for improved profitability.
  • Use the start of the new financial year as an opportunity to plan staffing, marketing, growth initiatives, and business priorities.

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Disclaimer: The information shared on The Australian Small Business Show is general in nature and does not constitute professional advice, legal or otherwise. We recommend consulting with your advisors on your specific circumstances.

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About the Podcast

The Australian Small Business Show
The Australian Small Business Show has been created by small business owners, for small business owners.

Your hosts Matt Heighway and Kristy-Lee Billett, who have both been running businesses for over 15 years, will bring our first hand experiences to offer insights, advice and inspiration to help you build a successful small business.

Each week we’ll discuss one specific strategy, topic, resource or tip that’s relevant for every small business, and we’ll be inviting along some amazing guests and friends in business to share their expertise with you.

Whether you're starting out, scaling up or a seasoned small business owner, this Australian Small Business Show is the show for you.

About your hosts

Kristy-Lee Billett

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Kristy is a nationally recognised HR expert, passionate small business advocate, podcast host, mum, wife, beach lover and runner.

She has spent more than 20 years now working in the field of Human Resources, People Management and Recruitment.

For the last 10 years she has dedicated herself to exclusively supporting small to medium sized businesses, those who employ less than 100 staff with all aspects of their HR, recruitment, people management and resource structures.

She founded her first business in 2006, and today she continues to direct this business, which is now known as People Powered Business.

Today She loves working with businesses inside our People Powered HR community to help them gain the knowledge, tools and resources to handle absolutely anything when it comes to their teams, with complete confidence.

Matt Heighway

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Matt is a CPA who has been working with business owners in multiple capacities for well over two decades. After commencing his career as an Accountant and Business Adviser, his own national start-up won numerous business awards and was featured in BRW fast 100. Since the business sold, he has been working with small-medium business owners helping them with business growth strategies and holistic business coaching.

Matt also is the Director of Lifetime SMSF, an accounting practice that specialises in Self-Managed Super Funds. Helping Australians manage their retirement nest eggs has been a lifelong project for Matt and he continues to get joy from helping.

Matt is a lifelong learner who loves to chat with other business owners. he is passionate about small business and always wants to see them win. He is at his best when things need turning around though, and gets his motivation helping small business owners come back from a set back.