Article Summary 

With 30 June fast approaching, Australian primary producers have a critical opportunity to implement targeted accounting and tax planning strategies. This article explores EOFY tactics tailored to the agricultural sector – from reviewing group income and cash flow to leveraging super contributions, asset write-offs, and prepayment strategies. Whether you’re a cane farmer managing a large crop or a producer adjusting for weather impacts, now is the time to make smart, tax-effective decisions that reflect your unique situation and secure your long-term financial position. 

EOFY in the Real World for Australian Producers 

The final quarter of the financial year is when primary producers take stock of how their operations have performed — and decide what actions need to be taken before 30 June to strengthen their financial outcome. 

With the 2025–26 Federal Budget handed down in March, producers are asking: “Is there anything in this for us?” The answer: potentially, yes — but only with the right planning in place. 

EOFY is not just about ticking compliance boxes. It’s about looking at your projected income, assessing your accounting position, forecasting your tax liability, and working out what can be done now to mitigate or minimise your tax position – while planning for growth and reinvestment. 

We are working closely with a lot of local producers to adjust their financial decisions now based on their actual personal circumstances — for example, adjusting for impact on yields from the flooding seen throughout North Queensland and the long term impacts of that event.  

Accounting and tax planning isn’t just about general strategies; it’s about making the right decisions for your situation right now, with the future in mind.  

Accounting and Tax Planning Strategies for Primary Producers in 2025 

1. Are you clear on your group’s income and accounting position? 

Before making EOFY decisions, it’s important to map out your base income scenario. This means looking at the income of all entities or individuals within your business group and forecasting your expected tax position. 

From here, you can: 

  • Understand how your year is tracking 
  • Identify potential tax exposures 
  • Explore strategies to redistribute or minimise income 
  • Align decisions with your cash flow and business goals 

This forms the foundation of your EOFY accounting and tax strategy — and at Cosca, we guide our agribusiness clients through this process in every annual planning meeting. 

2. Can super contributions reduce your tax and set you up for the future? 

For many primary producers, concessional super contributions are a valuable way to reduce tax while building future wealth. While we don’t provide investment advice, we do support clients in understanding how super contributions: 

  • Are fully tax-deductible up to the annual cap 
  • Can be made personally or through business structures but seek advice from your Financial Professionals 
  • Offer flexibility using catch-up caps if you’ve contributed less in previous years 

Many producers use EOFY to top up super for themselves, family members or others involved in the business. These decisions can have a significant long-term benefit while saving tax today. 

3. Have you reviewed whether your business structure is still fit for purpose? 

For producers managing large-scale operations — such as a 25,000-tonne cane farm — having the right structure is key. EOFY is the perfect time to assess: 

  • Is your current structure still working for your business goals? 
  • Can income be better distributed within your family or business group? 
  • Are you exposed to Division 7A issues that need to be addressed? 
  • Could restructuring now lead to future tax savings or succession benefits? 

These reviews should be tailored to your circumstances and take into account your location, business goals and risk profile. 

4. Are you using prepayment strategies to reduce your tax? 

If you have strong cash flow, consider prepaying certain expenses before 30 June to bring deductions forward into this financial year. These may include: 

  • Fertiliser, fuel or feed 
  • Equipment leases 
  • Insurance premiums 
  • Interest on business loans (up to 12 months in advance) 

Prepayment strategies need to be matched to your overall cash, accounting, and tax position — but when used strategically, they can provide meaningful short-term savings. 

5. What’s the most tax-effective use of cash on hand? 

This year in particular, producers are facing highly individualised scenarios — from strong commodity prices to flood-affected yields. We’re working with clients to: 

  • Match cash-on-hand decisions to their forecasted income 
  • Reinvest into deductible assets or costs 
  • Transfer money into the right structures to retain flexibility and control 
  • Avoid overexposure to taxable profits that could have been better managed 

Your physical environment impacts your financial decisions — and EOFY tax planning should reflect that. 

6. Have you checked for relevant grants and incentives? 

There are often local, state or federal grants available to support producers — especially in sustainability, disaster recovery, infrastructure, or new technology investment. These change regularly, so it’s important to stay informed and act quickly. 

At Cosca, we track opportunities and notify clients when relevant options arise that could integrate with their broader tax or business planning. 

For example those affected by the recent Northern QLD https://cosca.com.au/2025-disaster-recovery-support/  

EOFY Checklist for Primary Producers 

Here’s what to review and action between now and 30 June: 

  • Confirm your group’s projected income and tax scenario 
  • Maximise concessional super contributions 
  • Review whether your structure still suits your operation 
  • Consider prepaying eligible expenses 
  • Assess cash flow and make decisions based on your actual year 
  • Investigate available grants or rural funding support 
  • Book a tailored EOFY accounting and tax planning session with your advisor 

Frequently Asked Questions 

What is the EOFY deadline in Australia for accounting and tax planning?

All deductible actions and strategies must be completed by 30 June 2025 to apply for this financial year. 

Can primary producers use the $20,000 instant asset write-off in 2025? 

Yes, eligible producers with turnover under $10 million can deduct assets under $20,000 if installed and ready for use before 30 June 2025.

Is super a good way to reduce tax for farming businesses?  

Yes, concessional super contributions can reduce your taxable income. Working with a Cosca Financial Advisor alongside our accounting support will see that you understand how super fits into your tax strategy. 

What if my crop is down or income is impacted by weather events? 

That’s exactly why personalised accounting and tax planning matters. Your plan should reflect actual circumstances — including reduced yield, disaster recovery funding, or grant availability — to make the most informed decisions. 

Why Cosca is Trusted by Australian Primary Producers 

At Cosca, we understand that no two producers are the same. Whether you’re managing a cane farm, a mixed agri-business or family enterprise, our EOFY accounting and tax strategies are tailored to your circumstances — not just general tax tips. 

With accountants in our team who have over 20 years of experience supporting producers, you will have confidence that we will turn complex financial seasons into clear action plans that reduce tax, increase flexibility and support long-term growth. 

Book your EOFY accounting and tax planning session with Cosca today to secure confident, customised financial outcomes ahead of 30 June. 

Contact Us

Our Services