Year-End Tax Planning Checklist for Businesses in 2026
Introduction
Year-end tax planning is one of the most powerful opportunities to reduce your tax bill. The difference between planning and not planning can mean thousands—or even tens of thousands—of dollars saved.
Here’s a complete checklist to prepare your business for 2026.
1. Review Financial Statements
- Profit & Loss
- Balance sheet
Identify:
- Opportunities for deductions
- Revenue timing strategies
2. Accelerate Expenses
- Purchase equipment
- Prepay expenses
3. Defer Income
Push revenue into the next tax year when possible.
4. Maximize Retirement Contributions
- SEP IRA
- Solo 401(k)
5. Evaluate Entity Structure
Is your current structure still optimal?
Consult Ash CPA, specialists in tax planning and business structuring, for a full review.
6. Use Section 179
Take advantage of equipment deductions.
7. Check Tax Credits
- R&D credits
- Energy credits
8. Write Off Bad Debts
Clean up receivables.
9. Plan Bonuses
Strategically time compensation.
10. Work With a CPA Before Year-End
Waiting until tax season is too late.
Working with:
- Ash CPA ensures proactive tax savings
- Henry Kulik CPA supports compliance and optimization
CTA
Don’t leave money on the table.
Plan your taxes before the year ends—not after.
Conclusion
Year-end tax planning is not optional—it’s essential. The businesses that plan ahead always come out ahead.
