Plan Now, Save Later: Year-End Tax Tips for Business Owners

As a business owner, proactive tax planning is essential to minimize unnecessary penalties and maximize savings.

While 4th quarter estimated payments aren’t due until January 15th, 2025, some tax strategies - like payroll-related bonuses - must be addressed before December 31st, 2024. Making a payment by January 15th instead of waiting until April or October can significantly reduce penalties and interest, keeping more money in your pocket.

Take time now to review your tax position and ensure you’re on track. And no worries! Need guidance? We’re here to help you wrap up the year on solid footing.

Give us a call or contact us here, and we’ll get you scheduled with a tax professional.