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Is Your Business Overpaying Taxes? 3 Mid-Year Moves That Could Lower Your 2025 Bill

You know that moment in April when you look at your tax bill and think:
“We could’ve done something about this... if we’d only planned earlier.”

Well, this is earlier.

And if you’re a business owner who’s having a good year so far (or even just a better-than-expected one), now’s the time to stop the silent tax creep. Because waiting until Q4? That’s when the windows start to close—and the stress starts to spike.

Let’s change that. 

3 Mid-Year Tax Moves Smart Business Owners Make (While There’s Still Time)

 1. Revisit Your Depreciation Plan (Bonus Write-Offs Are Still In Play)

If you’ve invested in equipment, vehicles, or software this year—or plan to—you may qualify for accelerated depreciation, like Section 179 or bonus depreciation. But here’s the catch:

  • These strategies work best when coordinated before year-end purchases

  • The bonus depreciation phaseout is happening now

Many business owners miss out simply because they didn’t discuss with their accountant until December

Pro tip: Even leased assets may qualify, depending on your structure. 

2. Maximize Retirement Contributions—For You, Not Just Your Employees

Mid-year is a golden time to assess solo 401(k)s, SEP IRAs, or even consider a defined benefit plan if your income is trending higher than expected.

Why now?

  • You have time to set up or amend plans to capture more tax-deferred savings

  • Contributions may reduce your taxable income now and build long-term wealth

  • You can adjust estimated payments with better visibility into Q3/Q4 income

A defined benefit plan might sound complex, but for certain business owners, it’s the most powerful deduction left. 

3. Shift Income and Expenses While You Still Control the Clock

You can’t always control revenue, but you can often influence when income is recognized and when expenses hit your books.

Strategies might include:

  • Deferring or accelerating billing

  • Prepaying certain expenses

  • Timing asset purchases before depreciation limits tighten

  • Using your current cash flow strength to fund deductions proactively

Not all strategies apply to every entity—S corps, partnerships, and sole props have different timing rules. 

The Sooner You Plan, the More You Save

Here’s what we see all the time:

  • Business is going great

  • The books get reviewed in January

  • Tax bill arrives—and it’s way too late to do anything about it

That’s avoidable.
But only if you act now, when there’s still room to adjust. 

Want a Fresh Look at Your 2025 Tax Position?

If it’s been more than six months since you reviewed your tax strategy—or if you’ve made big moves in your business lately—reach out.

We’ll help you:

  • Identify missed deductions

  • Recalculate estimated taxes

  • Make smart moves that protect your cash flow and your future

Contact our office if you'd like to take a proactive look at your tax picture before Q3 sneaks up.

Because tax season shouldn’t be a surprise attack.
Let’s plan like it’s part of the business—because it is.
 

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We specialize in helping service-based businesses—contractors, mechanics, insurance professionals, IT firms, electricians, and other hardworking entrepreneurs—gain clarity, control, and confidence in their finances.

Our Ideal Clients:

  • Tech-Savvy – They’re comfortable with digital tools and cloud-based solutions that help us serve them faster and more efficiently.

  • Proactive Business Owners – They don’t wait for things to fall apart. They plan ahead, seek advice, and take action.

  • Growth-Oriented – Whether they're just starting or scaling, they’re serious about building a strong and sustainable business.

  • Responsive and Respectful – They reply promptly, respect timelines, and understand that mutual success depends on strong communication.

  • Win-Win Thinkers – They believe in partnerships that benefit everyone—not just transactions, but real collaboration.

  • Rooted in Faith and Integrity – Many of our clients share Christian values, operate with integrity, and appreciate working with a firm that honors those principles.

  • Open to Learning – They’re eager to learn more about their finances, taxes, and how to make smarter decisions for their future.

  • Community-Oriented – They like to network, refer others, and support local and fellow service-based businesses.

  • Invested in Their Business – They see accounting, tax planning, and advisory not as expenses—but as essential tools for success.

  • Family-Focused Entrepreneurs – They care about legacy, teaching the next generation, and creating opportunities for their families.

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