The Business Owner’s Guide to
Year-End Tax Planning
Plan for this year and toward the future of your business.
"Yes. Taxes are a colossal expense for most businesses and individuals. But they’re also one of the best ways for you to save money and grow your wealth. And with the right experts, it’s an effortless experience." - Chase Insogna, CPA
At year-end and looking ahead, individuals and businesses need to incorporate traditional, as well as innovative, strategies into year-end planning.
In this document, we’ll talk about practices business owners should consider as they plan for year-end, including:
- What's the best business formation setup to maximize tax savings?
- Do I need to pay myself a W2 salary by December 31?
- How can I maximize tax savings using my retirement account?
- Should I buy equipment before year-end?
- Did you sell anything online in 2021?
- How does my company's accounting method impact its bottom line?
- What do I need to know about paying a bonus to myself or employees?
- What are some year-end tax planning strategies I should know?
