财政年度结束 -EOFY

Hi everyone,

at this time of the year we see many advertisements telling us that EOFY is coming!     But what does it mean?

EOFY stands for ” End of financial year”

Sometimes we can buy things if we still can claim a tax deduction,so we are in the 2017/2018 financiaL year. This ends on June 30th.

The “financial ” year is also called the “fiscal” year. Fiscal relates more to company and Government financial years, but they are the same..

bye now,

Peter