Season 1: Episode 4: Year-End Tax Planning for Businesses

Strategic tax planning at the end of the year is never a one-size fits all model, but in this episode, we’ll share a few of our favorite tax deduction strategies and credits. A few adjustment’s at year-end can have huge impacts long-term.

Tax Deduction Strategies

• 2:08 – Deferrals, purchases, and rate reductions
• 7:19 – Equipment purchases & depreciation
• 9:13 – Setting up retirement/pension plans
• 10:55 – Timing on year-end bonus payouts
• 11:55 – Method of accounting (cash vs. accrual)
• 13:29 – Net operating losses

Tax Credits

• 15:28 – R&D credits
• 18:39 – Inflation Reduction Act & Chip Act

Other

• 19:51 – ABE / Pass-through tax deduction
• 23:54 – State & Local Tax