With 30 June fast approaching, now is the ideal time for Australian business owners to review their finances and explore EOFY business finance opportunities that could help position their business for growth in the year ahead.
Whether you’re planning to purchase new equipment, upgrade existing assets, improve cash flow or expand operations, the end of the financial year is an excellent time to assess your funding needs and take advantage of available tax incentives and finance solutions.
Recent Federal Budget announcements have introduced several measures that may create opportunities for businesses and individuals alike.
One of the most significant EOFY opportunities for small businesses is the permanent extension of the $20,000 instant asset write-off.
Eligible businesses with an annual turnover of up to $10 million can purchase qualifying business assets and potentially claim the full cost as a tax deduction in the year of purchase, rather than depreciating the asset over several years.
This may apply to a wide range of purchases, including:
Equipment and machinery
Commercial vehicles
Technology and IT upgrades
Office equipment and fit-outs
Tools and specialised business assets
For businesses considering equipment upgrades or replacement assets, EOFY can be an ideal time to explore asset finance or equipment finance options while maximising available tax benefits.
For many businesses, purchasing new equipment outright isn’t always the most practical option. That’s where asset finance and equipment finance can help.
Rather than tying up valuable working capital, finance solutions allow businesses to acquire the equipment, vehicles or machinery they need now while spreading repayments over time. This helps preserve cash flow and provides greater flexibility when managing day-to-day operations.
Common EOFY purchases financed by Australian businesses include:
Commercial vehicles and fleet upgrades
Construction and earthmoving equipment
Manufacturing machinery
Medical and healthcare equipment
Technology and IT systems
Office fit-outs and furniture
By combining the benefits of equipment finance with available EOFY tax incentives, businesses may be able to invest in growth while maintaining healthy cash reserves.
If you’re considering purchasing business assets before 30 June, it’s worth exploring your finance options early to allow time for approval, settlement and delivery before EOFY.
The Federal Budget has announced several measures aimed at reducing tax and compliance burdens for Australian workers and sole traders.
A proposed $1,000 instant tax deduction for work-related expenses may simplify tax time by reducing the need for detailed record keeping for eligible taxpayers.
In addition, a new $250 Working Australians Tax Offset (WATO) is scheduled to commence from 1 July 2027, providing additional tax relief for eligible Australians.
For sole traders and small business operators, these initiatives may help improve overall financial outcomes and free up funds that can be reinvested into business growth.
Businesses facing challenging trading conditions may benefit from proposed measures designed to improve cash flow and support recovery.
From 1 July 2026, eligible companies with turnover up to $1 billion may be able to carry back current-year losses and claim refunds on tax paid in previous years. Additional support measures for eligible startups and early-stage businesses are also planned from 1 July 2028.
While these measures are subject to legislation, they highlight continued Government support for Australian businesses and investment.
EOFY is more than just a tax deadline — it’s an opportunity to review your financial position and ensure your business has the right funding structure in place for the year ahead.
Whether you’re looking to purchase equipment, secure business loans, access equipment finance, replace ageing assets, expand your operations or improve cash flow, EOFY is an ideal time to review your finance strategy and explore available funding options.
Many businesses use this period to:
Upgrade equipment and machinery
Invest in vehicles or technology
Consolidate existing business debt
Improve working capital
Review commercial finance facilities
Prepare for future growth opportunities
Taking action before 30 June may help your business maximise available tax benefits while ensuring you have the resources needed to achieve your goals.
Navigating finance options can be complex, particularly when balancing tax considerations, cash flow requirements and future business plans.
As an asset finance broker, DMC Finance works with a broad panel of lenders to help businesses secure tailored finance solutions, including asset finance, equipment finance, commercial finance and business loans.
If you’re considering purchasing equipment, upgrading business assets or reviewing your finance arrangements before EOFY, now is the time to start the conversation.
Contact Dane Carmody today to discuss your asset finance and business finance options before 30 June.
