After-Year-End Tax Strategies For Small Businesses

The 2024 tax year has ended and tax professionals everywhere are encouraging their small business clients to close their books and start thinking about their tax returns. In a perfect world these clients have worked with their tax and accounting professionals throughout the year to optimize their small business taxes. Of course, we don’t live in a perfect world and clients are often surprised at how much their small business made (and how much tax they owe) come tax time. The good news is that there are a few tax optimization strategies that are available to small business owners after the tax year ends. Forbes contributor Amber Gray-Fenner outlines 3 key strategies to help small businesses optimize their filings safe during this tax season.