It’s July — Here’s What Smart Aussie Business Owners Are Doing Right Now

The EOFY madness might be over (you made it – woo!), but if you think you can just kick back now, think again. July isn’t the time to coast – it’s your golden window to clean up, gear up, and stay ahead of the curve.

Smart business owners across Australia know that how you start the new financial year can set the tone for the next twelve months. So if you’re ready to avoid future drama, stay compliant, and actually grow your biz, here’s what you should be ticking off this month:

1. Get Your Tax Docs in Order (Yes, All of Them)

Don’t chuck that pile of receipts in the “deal with later” drawer. Sort them now while the year-end is still fresh in your mind. That includes invoices, expense receipts, bank statements, and anything else you’ll need to lodge your return.

Organising your documents early means fewer headaches when it’s tax time and gives your accountant the best chance to find you legit deductions. Plus, it keeps the ATO happy – and that’s always a win.

💡 Pro tip: Go digital with your filing system this year – apps and cloud storage will save your sanity.

2. Strategic Business Reviews: Reflect, Reset, Refocus

July is the perfect time for a solid business review. Pull up your reports, analyse what worked (and what didn’t), and get clear on where your business is heading.

Ask yourself:

  • Did I hit my revenue targets?

  • What products or services were most profitable?

  • Where did I waste time or money?

  • What do I want to do differently this year?

Once you’ve answered these, set new goals and build a plan that actually aligns with where you want to be by next June.

3. Superannuation & Payroll Check-In

No one wants to get caught out with payroll issues or super obligations. The start of the financial year is a great time to review:

  • Employee classifications

  • Super payment schedules

  • Changes to super guarantee rates

  • Single Touch Payroll (STP) reporting compliance

It’s all about staying compliant and avoiding costly penalties down the track. A quick review now can save you a world of pain later.

4. Lock In Your Quarterly Activity Plan

Let’s be real – BAS deadlines sneak up fast. Don’t get caught scrambling. Mark your BAS and IAS lodgement dates in your calendar now, plan your cash flow around them, and give yourself breathing room.

Quarterly planning also helps you:

  • Forecast your tax and super obligations

  • Schedule key marketing and sales pushes

  • Plan time off (you’re allowed a break too, ya know)

Consistency is king, and a solid quarterly rhythm keeps the momentum rolling.

5. Stay on Top of Compliance (AKA Boring But Essential Stuff)

Compliance is one of those things that’s easy to ignore… until it bites you. July is the best time to:

  • Renew licences and industry registrations

  • Check ASIC company details are accurate

  • Update WorkCover policies

  • Review Payroll Tax thresholds and obligations

Even if your business is ticking along smoothly, a quick compliance audit can highlight blind spots before they become major issues.

Feeling Overwhelmed? You’re Not Alone.

If this list feels like a lot, that’s because it is. Running a business means juggling a million things – and sometimes, you just need a hand.

That’s where BJT Business Advisors step in. We help Aussie business owners just like you stay compliant, organised, and stress-free all year round. Whether it’s sorting your tax, planning your cash flow, or giving your business strategy a proper glow-up, we’ve got your back.

Book a strategy session today and start this financial year with clarity, confidence, and a killer plan to grow.

FUTURE PLANNING, FUTURE FREEDOM

Setting you up for the future, from the very beginning.

We will nurture your freedom to succeed by supporting you to make sound financial decisions every step of the way. We work with business owners through all business stages and with business of all sizes.