A practical guide to supplier savings, planned purchases and funding flexibility with PracticePlus.
EOFY checklist
- Review high-use consumables and supplier EOFY offers.
- Check whether prepaid expenses are commercially sensible and deductible.
- Consider planned equipment purchases and installation timelines.
- Confirm tax treatment and eligibility with your accountant.
- Assess whether short-term funding could help preserve cash flow.
End of financial year is a practical time for dental practices to review upcoming costs, lock in supplier savings and make considered purchasing decisions before 30 June.
For many practices, this may include bulk buying everyday consumables – particularly where suppliers are offering EOFY deals. The key is to buy strategically: focus on products you know you will use, avoid overstocking items with expiry dates, and keep clear records for your accountant.
It may also be worth reviewing whether any prepaid expenses make sense before year-end. The ATO notes that certain prepaid expenses may be immediately deductible where the 12-month rule applies, subject to eligibility and the specific circumstances of the business. Claiming small business tax deductions | Prepayments
EOFY can also be a good time to consider one-off equipment purchases, especially where the practice has already been planning to invest in items such as dental chairs, scanners, sterilisation equipment, handpieces, imaging technology or IT upgrades. The ATO has published guidance on the $20,000 instant asset write-off for eligible small businesses for the 2025-26 income year. Practices should confirm eligibility, timing and tax treatment with their accountant before committing to major purchases. $20,000 instant asset write-off
Of course, timing matters. Supplier availability, installation dates, cash flow and tax treatment should all be reviewed before a purchase is made.
Support EOFY funding with Practice Plus
PracticePlus, powered by Octet Finance, can help dental practices manage EOFY cash flow while still taking advantage of supplier discounts and planned business purchases.
With a PracticePlus facility of up to $200,000, practices can access additional working capital to pay business expenses such as payroll, rent, taxes and consumables. The program can provide funding terms from 5 days up to 30 days, helping practices bridge short-term funding needs while keeping cash flow moving.
PracticePlus at a glance
Feature | Benefit |
Facility size | Up to $200,000 |
Funding terms | From 5 days up to 30 days |
Eligible expenses | Payroll, rent, taxes, consumables and other business expenses |
Reward points | Uncapped Qantas or Velocity points |
Earn rate | Up to 1.125 frequent flyer points for every $1 spent |
An added benefit is the ability to earn uncapped Qantas or Velocity reward points when paying eligible business expenses through Practice Plus. Practices can earn up to 1.125 frequent flyer points for every $1 spent, with points redeemable for flights, hotels and more. Additional rewards may also be available for higher transaction volumes, including Qantas Lounge Membership, Velocity Gold Status or Velocity Platinum Status, subject to eligibility and program terms.
EOFY is not just about spending before 30 June. It is about making smart, planned decisions that support the practice’s operations, cash flow and future growth. By combining supplier opportunities, sensible tax planning and flexible funding, dental practices can enter the new financial year with greater confidence.
General information only: This article is not tax, legal or financial advice. Eligibility, deductibility, program terms and reward availability should be confirmed with the practice’s accountant and relevant providers before acting. |