EOFY Starts Now: Why Your March Numbers Matter

March is the unsung hero of the tax year. It’s when smart business owners start planning, not panicking. EOFY might feel months away, but your financial results are being shaped right now.

Want to lower your tax bill by June? You need to act now. From instant asset write-offs to super contributions, trust distributions and expense prepayments, March is when the groundwork begins. Planning early helps maximise tax deductions, smooth out cash flow, and avoid last-minute decisions that lead to regret (and penalties).

This quarter also provides a powerful snapshot of how your business is tracking. Is revenue aligned with forecasts? Are PAYG instalments accurate? Are you on top of super obligations, GST liabilities, and debtors? These questions form the core of smart tax planning.

Think of March as your mini-EOFY rehearsal. Making small course corrections now gives you time to implement changes that could significantly reduce your year-end tax liability. Plus, it’s easier to take advantage of key incentives—like the instant asset write-off—before EOFY stock shortages or supplier delays kick in.

Another bonus? You’ll avoid the June bottleneck. Accountants get slammed in the final weeks of the financial year. Having your review done now means more face time, less pressure, and better outcomes.

EOFY doesn’t start in June. It starts with the decisions you make in March.

👉 Ready to start EOFY planning? Book a meeting today.