✅ Small Business Tax-Saving Strategies in Australia: What You Shouldn’t Miss This Year

✅ 1. Instantly Write Off Eligible Assets (Instant Asset Write-Off)

Under the ATO’s instant asset write-off scheme, you can immediately deduct the full cost of eligible business assets (like laptops, tools, or equipment) instead of depreciating them over several years.

How to use this:

The asset must be used or installed ready for use in the same financial year.

Applies to both new and second-hand assets (check the current threshold on the ATO website).

Pro Tip: Use accounting tools like Sage for Small Business to easily track purchases and flag eligible write-offs in real-time.

✅ 2. Deduct Business-Related Home Office Expenses

If you're running your business partially or fully from home, you may be entitled to claim:

A portion of electricity and internet

Depreciation on office equipment

Cleaning costs for your workspace

You can use either the fixed-rate method or actual cost method, depending on what gives you the higher return.

Reminder: Keep detailed records. Sage helps you log and categorise these expenses throughout the year so you’re ready when tax time comes.

✅ 3. Prepay Expenses Before June 30

Paying for eligible expenses in advance (up to 12 months) before the end of the financial year lets you bring forward deductions. This includes:

Rent

Business subscriptions

Insurance

Professional memberships

Smart Tip: Set up automated recurring payments using Sage One Bank Payments to never miss a deadline and smooth out your cash flow.

✅ 4. Super Contributions for Yourself and Employees

Making extra superannuation contributions before EOFY not only boosts retirement savings but can also reduce your taxable income.

For employers:

Pay super for employees on time (to claim the deduction that year).

Consider topping up your own personal super before the cutoff date.

Using Sage for Small Business, you can automate super tracking and make contributions accurately and on schedule.

✅ 5. Claim Fuel, Travel & Vehicle Expenses Properly

Whether you drive your own car or use a work vehicle, a percentage of your fuel, maintenance, and depreciation could be deductible. You’ll need to:

Keep a logbook for at least 12 continuous weeks

Track mileage for business vs personal use

Store all receipts

With Sage, you can upload receipts, log mileage, and easily report your travel-related expenses for compliant deductions.

✅ Bonus Tip: Automate Your Finances to Avoid Errors

Many small businesses lose deductions due to poor recordkeeping or missing receipts. Cloud accounting tools like Sage for Small Business integrate with Sage One Bank Payments to:

Reconcile expenses faster

Automate recurring payments

Track deductions throughout the year—not just at tax time

This automation not only saves hours of admin time but also reduces the risk of missing out on legal deductions.

🔍 Final Thought: Reduce Tax Stress and Keep More of What You Earn

Tax planning isn’t something you do in June—it’s a year-round effort. With the right strategies and smart financial tools, Australian small businesses can legally lower their tax bill, stay compliant, and free up cash for growth.

So if you want to take control of your tax planning, it’s time to get serious with Sage for Small Business and streamline your payments using Sage One Bank Payments.

✅ The earlier you start planning, the more you save.