Keep more of what your business earns
Tax planning for small businesses and their owners. Learn the tools available to lower taxes in the current year, and set up a structure that gives you more control over taxes in the years ahead.
Start with year-round planningWhy planning beats filing
By the time a tax return is prepared, most of the decisions that set the bill have already been made. Equipment was bought or not, income was paid as salary or distributions, retirement contributions were made or skipped. Good planning works through the year so that those choices are deliberate.
Current-year savings
Timing of purchases, income and expenses, retirement contributions and the owner's pay mix can all move this year's tax.
Future-year control
Entity choice, retirement plan design and asset planning shape how much tax you pay over many years, not just one.
Documentation
Deductions and structures only help if the records support them. Good bookkeeping is part of every strategy.
Core topics
Year-round tax planning
A calendar of checkpoints: mid-year projections, quarterly estimates, year-end timing decisions and the records to keep.
Read the guide →Choosing a business structure
Sole proprietorship, partnership, LLC, S corporation and C corporation each treat income, self-employment tax and fringe benefits differently.
Read the guide →Owner retirement & benefits
Retirement plans, health-related benefits and accountable plans can reduce taxable income while building long-term savings.
Read the guide →Planning checklist for owners
- Project full-year income and expenses by mid-year, not at filing time.
- Confirm your entity type still fits your profit level and growth plans.
- Review equipment purchases, depreciation elections and their timing.
- Check retirement plan contributions against the annual limits set by the IRS.
- Make estimated tax payments on time to avoid underpayment penalties.
- Keep receipts, mileage logs and a clear split between personal and business spending.