As June 30 approaches, many small business owners start to feel the familiar EOFY pressure. There’s paperwork to finalise, reports to run, super to pay, and questions for the accountant piling up. It’s often a mad dash to the finish line, with the mindset of “just get it done.”
But what if EOFY wasn’t just about survival?
At VBA, we believe the end of financial year isn’t simply a deadline—it’s an opportunity. For small and medium-sized businesses, EOFY can be more than a moment of compliance. It can be a strategic checkpoint—a chance to pause, reflect, and realign your business before the next financial year kicks off.
EOFY Isn’t the End. It’s a Mirror.
EOFY offers something unique: a clear, complete picture of your business’s financial year.
It’s the one time where the full story is on the table—your sales, expenses, wages, assets, liabilities, tax position, and profitability. It’s more than just a series of reports. It’s insight. The best business owners use EOFY as a mirror. Not just to look at where they’ve been, but to assess whether the business is heading where they want it to go.
Are you still profitable in the areas where you’re spending most of your time? Are your costs creeping up? Are you carrying deadweight expenses that no longer serve your goals? EOFY gives you the data—and the pause—to ask these questions with perspective.
From Compliance to Clarity
Most business owners think of EOFY in terms of compliance: lodging returns, meeting obligations, ticking boxes. And while that’s essential, it’s only part of the picture.
The bigger value lies in what those numbers can *tell you*. Whether it’s a dip in margins, a rise in contractor costs, or an over-reliance on one income stream, EOFY helps reveal patterns you might not notice in the daily grind.
At VBA, we work with business owners to read between the lines of their financials. We help you uncover where profits are strong, where efficiencies can be found, and what might be holding you back.
A Clean Slate, with Context
There’s something powerful about a new financial year. It’s a reset button—but with data behind it. Instead of setting goals in January based on gut feel, you can plan July with 12 months of financial reality in front of you.
* Are you ready to grow? Let’s look at cash flow and resourcing.
* Are you feeling stuck? Let’s dig into your cost structure or pricing.
* Thinking about bringing on help? Let’s assess whether the timing’s right.
EOFY gives you more than a snapshot. It gives you context. And when you make decisions with context, you make smarter, more sustainable choices.
You’re Not Just Running a Business—You’re Leading It
EOFY is also a chance to step back from the day-to-day and reflect on *how* you’re running your business. Too many small business owners spend the year reacting; responding to client demands, putting out fires, chasing payments. EOFY invites you to slow down and ask: *Is this the way I want to keep operating?*
Maybe you’re wearing too many hats and need to delegate. Maybe it’s time to revisit your business model. Maybe you’re ready to change direction entirely.
We’ve seen clients use EOFY to:
* Restructure their business for better tax efficiency
* Reassess their service offerings to focus on higher-value work
* Take steps toward stepping out of the day-to-day operations
Don’t Let the Numbers Go to Waste
The hard part—running your business all year—is already done. You’ve gathered the data, done the work, and built the results. Now it’s time to make that effort count. At VBA, we don’t just lodge tax returns and send out summaries. We help you understand what the numbers mean, and how to use them to guide decisions—big and small.
Maybe that’s reviewing your pricing model. Maybe it’s creating a budget that’s realistic, not optimistic. Maybe it’s building in a buffer so next year isn’t so cash-strapped. Whatever the goal, EOFY is your best moment to put strategy in the driver’s seat.
Make EOFY Work for You
The end of the financial year will always come with some pressure—that’s just part of running a business. But it doesn’t have to be something you dread. With the right approach, EOFY can be a genuine turning point. A moment to reflect, realign, and reset with purpose.
At VBA, we’re more than tax agents—we’re your partners in strategy. We help small business owners take control of their financial future, using EOFY as a springboard, not a stumbling block. Ready to use EOFY as a tool for growth, not just a task to complete? Let’s talk.
At VBA we specialise in strategic tax advice, offering tax and financial reporting for individual income earners, family businesses, tradies and construction companies.
Victor Bimrose Accountancy Pty Ltd (ASIC No. 1259423) ABN 53 010 957 294 is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361.
General Advice Warning: This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.
