Year-Round Tax Strategy

Year-round tax strategy can eliminate panic at year-end!

Did you have to write a bigger check than you anticipated for taxes this year?  Don’t wait until December to optimize your tax situation.  A proactive year-round plan puts you in the driver’s seat when it comes to your tax bill. It lets you take advantage of more opportunities.

For example, have you already built in estimated tax payments in your cash flow plan for the year?  Missed payments can cost you in penalties and interest.

This year will be one for making sure you take advantage of all your allowable deductions, as things are changing. Whether it’s a home office deduction, bonus depreciation, using payroll deductions to maximize retirement contributions, or purchasing new equipment or technology, learning the best way for you to manage cash flow and reduce taxes will help you stay in the driver’s seat.

Reviewing your income and expenses midyear allows you to make adjustments in real time. This way, you won’t pay too much or too little in estimated tax payments.  

Are you clear on which entity structure is the best one for you based on your income?

The right structure can impact your taxes, liability, and ability to raise capital if that is in your future.

Let’s look at your 2025 tax strategy now, before the end of the year is upon us.