End Of Year Tax Planning Checklists

The personal income tax scale stage 2 tax cuts under measures set forth in 2018 were brought forward and take effect from 1 July 2020 for the 2020-21 and following years.

The Low and Middle Income Tax Offset has been extended for another year to include 2021-22 and increased by $420.

During the year, business depreciation write-off rules were liberalised as part of the government’s Covid-19 response measures.

For businesses under $5 billion aggregated revenue, the expanded write-off allowance for new business assets has been extended out to fully 100% deductible until 30 June 2023 (subject to dates and qualifying conditions).

The Federal Budget on 29 March 2022 did not result in any changes to tax rates or income thresholds for the 2022-23 income year. The extension and increase of the low and middle income tax offset by $420 is payable upon assessment of individuals’ income tax returns for the 2021-22 income year

For further noteworthy changes for the 2022 year see the 2022 Tax Rates page.

2022

BDO 2022 Year-End Tax Planner and Bulletin – BDO Australia
Year-End Accounting Checklist for 2022 – Accountancy Cloud
Tax Planning End Of Financial Year Checklist – 2022 Financial Year – Prime Time Advisory
The Ultimate SMSF End of Financial Year Checklist 2022 – smsfcoach.com.au
Year End Tax Strategies For Property Investors – Bantacs
End of Financial Year Super Contributions Checklist – REST Super Fund
EOFY checklist for businesses: 2022 edition – MYOB
End Of Financial Year Checklist – Small Business WA
2022 Overview of Key Tax Changes – ATO

2021

Year End Tax Planner & Tax Bulletin – BDO
Spectrum Financial Year End Strategies Newsletter 2021
2021 Tax Return Checklists – Ban Tacs
Last Call: Finalise and implement your tax plan now – Rosenfeld Kant

2020

2020 EOFY tax planning checklist – Bentleys
Accounting and Tax Treatment of the Cash Flow Boost and JobKeeper – Tax & Super Australia
Year-end tax planning and the impacts of COVID-19 – Pitcher Partners
End of Year Tax Strategies 2020 – Bantacs
Tax Return Checklists 2020 – zanacorp.com.au
2020 end of year tax planning strategies – Hunt & Company
30 June 2020 Year End Tax Planning – UHY Haines Norton
Year end tax planning in a pandemic: this year’s top 10 “must-dos” – McCullough Robertson
Year end strategies 2020 – HLB Mann Judd
Tax Tips 2020 – CPAA

2019

How to be in good tax health by 30 June – Nexia
BDO 2019 Year End Tax Update – BDO
2019 Year End Tax Planning Guide – Sheridans

2018

2018 EOFY Tax Planning Checklist – Moore Stephens
BDO 2018 Year End Tax Update – BDO Australia
End of year 2018 SMSF issues – Tax Institute blog

2017

BDO 2017 Year End Tax Update – BDO Australia
Checklist of Tax Changes Taking Effect in 2016/17 – Wolters Kluwer

2016

BDO 2016 Year End Tax Update – 1 July 2016
Your SMSF year-end checklist 2016 – see SuperMate.com.au – retrieved 29 May 2016
2015/16 Financial Year End Tax Strategies – Bantacs – retrieved 29 May 2016

2015 and earlier

2015 Year end Tax Bulletin and Tax Planner – BDO – retrieved 17 June 2015
2014/15 Financial Year End Tax Strategies – Bantacs Accountants – retrieved 10 June 2015
SMSF deductions & year end checklist

See also:

Looking For Tax Deductions?

This page was last modified 2022-06-01