December - Crunch Time Clarity
December is here and my phone is buzzing with "What can I still do for taxes this year?" Honestly? More than you think, but less than you probably need. If you're just starting to think about taxes now, you can still make some moves. Max out retirement contributions, make equipment purchases, prepay some expenses. Every bit helps. But here's what I really want to say: don't let this be you next year. The business owners who have the most tax options in December are the ones who started planning in January. They've been making strategic moves all year long. I'm not trying to stress anyone out - just being real. Tax planning works best as a year-round strategy, not a December scramble. That said, if you're scrambling right now, you're not alone. Let's make the best moves we can with the time we have, and then let's plan better for next year. What's your December tax move this year?