End of financial year sales happen every year in June because the Australian financial year ends on 30 June. It’s when retailers and businesses start to cut prices to clear out their stock and make room for next year’s goodies. It also means tax return time is right around the corner.
Many retailers begin their EOFY sale in the last few days of May and continue until 30 June or soon after. Keep an eye out as great deals can begin at various times throughout the period.
At Telstra we have a huge range of EOFY deals each year. From mobiles to accessories and everything in between, you can be sure there’ll be plenty of value on offer. Check this page as June approaches for more details.
Some purchases you make throughout a financial year could be tax deductible, including those purchased during EOFY sale. To know what deductions can be made, the Australian Taxation Office (ATO) has useful tax deduction guides for individuals and business tax deduction guides for small businesses. However, engaging a qualified tax accountant will provide advice specific to your own circumstances.