10/28/2026
With the fourth quarter underway, now is an important time to evaluate your business's tax position before year-end.
Reviewing year-to-date taxable income, estimated tax payments, and anticipated revenue and expenses for the remaining months can help identify potential tax planning opportunities.
Major equipment purchases, retirement contributions, and other business expenses may also offer tax benefits, but timing, eligibility, and cash flow should all factor into those decisions.
One important consideration: Purchasing equipment solely for a tax deduction doesn't always make financial sense. The business need and overall financial impact should guide the decision.
October provides an opportunity to make informed adjustments while there's still time to act, rather than waiting until December when certain planning options may be limited.