How to Maximise EOFY Tax Savings by Investing in Tools and Equipment

13 May

As the end of the financial year approaches, it’s the perfect time to take a closer look at how your business can benefit from smart purchases—and that includes tools and equipment. At APG Australia, we want to help you not only find the right gear for the job but also make sure you’re making strategic decisions that may support your bottom line come tax time.

If you’re running a business or operating as a sole trader, tools and equipment used to generate income can often be claimed as tax-deductible business expenses. This means that purchasing eligible items before 30 June could reduce your taxable income for the year—potentially lowering the amount of profit tax your business owes.

Many of our clients across the mining, civil, construction, and hire and rental industries take advantage of this opportunity by upgrading or expanding their fleet of handheld tools, pressure cleaners, generators, and more before EOFY. It’s a practical way to invest in business growth while offsetting some of the cost through tax deductions.

What You May Be Able to Claim

Depending on your business structure and eligibility, you may be able to claim:

Handheld Pneumatic & Hydraulic Tools
Jetters and pressure cleaners
Generators and lighting towers
Pumps and hydraulic tools
Safety and dust control systems
Custom fit-outs or accessories used for work purposes

Some businesses may also benefit from instant asset write-offs or temporary full expensing if those schemes are still available in this financial year.
These incentives allow eligible businesses to claim the full cost of certain assets, rather than depreciating them over time.

How to Claim Tools and Equipment at Tax Time

Claiming tools and equipment as a business expense is generally done through your business’s annual tax return. To do this, you’ll need to keep clear records of your purchases—this includes tax invoices, proof of payment, and details on how the equipment is used for business purposes. In many cases, if the equipment is used exclusively for work, you may be eligible to claim either the full cost upfront (under schemes like instant asset write-off or temporary full expensing, if applicable) or depreciate the asset over time.

Be sure to store your receipts and categorise purchases properly within your accounting software or records.
These details make the claiming process easier and support your case in the event of a review by the ATO.

Why It Matters for Your Bottom Line

Purchasing equipment before the end of the financial year can directly impact your business’s taxable income. By deducting the cost of eligible tools or machinery, you may reduce the total profit your business declares—ultimately lowering your tax bill. This is especially helpful for businesses looking to reinvest in their operations while also managing their year-end financial position.

It’s not just about tax savings, either. Strategically upgrading your equipment means improved productivity, less downtime, and newer, more efficient tools in the year ahead. EOFY is a great opportunity to align your equipment needs with your financial goals.

Always Speak With Your Accountant

While we’re here to help with all your equipment needs, we always recommend speaking with a qualified accountant or tax advisor before making any EOFY purchases.
Tax rules and eligibility criteria can vary depending on your business structure, turnover, and specific circumstances.

A quick consultation could help you make smarter decisions about what to buy, how to structure the purchase, and how to claim it properly.
Planning ahead with expert advice ensures you maximise your tax benefits and avoid any compliance issues down the line.

APG Can Help You Gear Up Before EOFY

At APG Australia, we stock a wide range of professional-grade equipment that’s ready to go. From Brendon Powerwashers and HYCON concrete cutting tools to Atlas Copco rock drills and Spitznas underwater tools, we’ve got solutions built for performance and durability.

Need help finding the right equipment before the EOFY deadline?

📞 Call us on 1300 763 100 or

📧 Email sales@apgaustralia.com.au

We’re here to help you make the most of your investment this tax season—get the gear you need, and potentially reduce your tax bill at the same time.

Chad McPhee

Chad McPhee has worked with APG Australia for nearly two decades. During his time working in the civil, mining and construction industry, Chad has amassed a reputation for reliability & innovation when it comes to all aspects of the company. His dedication to his clients is one of the leading reasons APG is now a nationwide provider of the best equipment on the market today.