9 EOFY 2025: Tax tips every Illawarra business should know
Tough new rules on super payments and modern slavery are coming fast.
As the June 30 deadline looms, Illawarra businesses are being urged to act on tax-saving opportunities and brace for sweeping compliance changes.
Speaking at i3net’s Industry Breakfast on Tuesday, June 3, Treasurer David Apolo outlined key strategies, from electric vehicle fringe tax benefits (FBT) exemptions to accelerated asset write-offs, that could deliver significant end-of-financial-year savings. He also flagged major reforms on the horizon, including real-time super payments and stricter reporting on modern slavery.
Here are the nine strategies every business should know and the two compliance risks that could cost you big if ignored.