when end of financial year

The Australian financial year ends on 30th June each year. This is the deadline for individuals and businesses to finalise their accounts, lodge tax returns, and prepare for the next fiscal cycle. If you're scrambling to get your paperwork in order, you're not alone — EOFY is when accountants earn their keep and procrastinators panic.

For detailed deadlines and allowances, always check the Australian Taxation Office's official guidelines. And remember, the financial year resets faster than your will to do taxes!