by | Jan 2, 2026 | blogs

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End-Of-Year Business Tax Checklist

As the year winds down and many offices prepare for a holiday shutdown, it’s important for small business owners to make sure tax obligations are in order.

Tidying up before the break not only avoids compliance headaches but also gives you a clean slate to start 2026 with confidence.

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Written by

BERIVAN DUBIER
Last Updated Jan 2, 2026
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Finalise BAS And PAYG Instalments

Check that all lodgements are up to date, including your Business Activity Statement and any PAYG instalments due before year-end.

Reconcile Accounts

Ensure your bank accounts, payroll, and superannuation contributions are reconciled. Employee super must be paid on time to remain compliant and claim the deduction.

Review Outstanding Invoices And Debts

Collect overdue payments where possible, and write off bad debts if recovery is unlikely. Proper documentation is essential if you’re claiming a tax deduction.

Check Deductions And Expenses

Make sure business-related expenses are recorded accurately, and avoid blurring personal and business costs – an area the ATO pays close attention to.

Update Records And Documentation

Keep receipts, invoices, and records organised. Good record-keeping now will make next year’s reporting far easier.

Plan For January

Remember that early in the new year, obligations such as activity statements and employee superannuation continue. Preparing now avoids cash flow stress after the holiday break.

By ticking off these tasks before shutting down, you’ll head into 2026 with peace of mind, knowing your business is compliant and ready for a fresh start.

Need assistance with wrapping up for the end of the calendar year? Why not check in with your trusted tax professionals to find out how we can help? Contact us on [email protected] or on 03 9588 9000.

Helpful tip:

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Complete your reconciliations and organise your financial records before closing for the holidays to avoid last-minute stress. Follow up on outstanding invoices and ensure superannuation and tax lodgements are up to date. Separate personal and business expenses to support accurate reporting. Starting the new year with organised records will make compliance and cash flow management much easier.

BERIVAN DUBIER

DIRECTOR

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SEAN DWYER

DIRECTOR
CPA and financial adviser for over 25 years. Loves to help businesses grow. Dad, jogger, cyclist, windsurfer and bad skier.

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