EOFY Check-In: Cars, Cashflow & Key Tax Moves 

Logbook check-in: Are you still compliant? 

Many people assume their car logbook is “set and forget” for five years, but that’s not always the case. 

A logbook is only valid if your work-related travel patterns haven’t changed. 

You may need a new logbook if: 

• You’ve changed jobs 
• You’ve moved home or workplace 
• Your work travel patterns have changed 

Important reminders: 

• If you have multiple vehicles, you need a separate logbook for each 
• If you buy a new car, you can rely on your previous logbook, but only if you formally nominate this before lodging your return 
• If your employer provides your car (or via a novated lease), you generally can’t claim car expenses 

Electric and hybrid vehicles: 

• Using the ATO shortcut rate for home electricity used to charge your vehicle (5.47c/km from 1 April 2026) means you can’t also claim charging costs from your electricity bills. 
• Plug-in hybrids require a specific calculation method 

Bottom line: If your circumstances have changed, your logbook may no longer be accurate and that can impact your claim. 

EOFY tax planning: What to focus on now 

To keep this practical and not overwhelming, here are the key opportunities to review before 30 June: 

1. Super contributions 

• Must be received by the fund before 30 June to claim a deduction 
• Concessional cap is $30,000 (2025–26) 
• Consider carry-forward contributions if eligible 

2. Prepay and bring forward expenses 

• Small businesses may be able to prepay expenses and claim now 
• Bringing forward planned purchases (e.g. equipment under $20,000) can accelerate deductions 

3. Review stock and assets 

• Write down or write off obsolete or slow-moving stock 
• Remove scrapped assets from your depreciation schedule 

4. Clean up your books 

• Write off bad debts before 30 June 
• Ensure trust distributions or dividends are properly documented 

5. Plan ahead 

• Consider timing of income, expenses and capital gains 
• Review cashflow for upcoming tax payments 
• Look at opportunities to vary tax instalments if needed 

EOFY isn’t just about ticking boxes, it’s about making sure your claims are accurate and your tax position is working for you,

not against you. 

If your situation has changed this year (work, home, business or vehicles), it’s the perfect time to review. 

Need help? We’re here to make sure everything is set up correctly before 30 June.