As the year winds down, I start hearing the same question from business owners:“Is there still time to reduce my taxes?”
The answer is yes — but your options shrink with every passing week.
You can still take advantage of year-end strategies like:
- Maximizing retirement contributions
- Purchasing essential equipment
- Prepaying qualified business expenses
- Cleaning up your books before the deadline
These steps help, but here’s the bigger picture: The most prepared entrepreneurs already started planning back in January. They’ve been positioning themselves all year long, not scrambling at the finish line.
If you’re in last-minute mode, don’t stress. We can still make the smartest decisions with the time we have. And next year? Let’s build a proactive strategy that keeps you ahead of the game.
What’s your final tax move for December?