Accrue CPA — Free Guide

Year-End Tax Planning Checklist

Twelve actions to take before December 31 to reduce your tax bill and position your business for a strong start to the new year.

Revenue & Income

Review year-to-date revenue and project full-year income to estimate your tax bracket.

Consider deferring income into January if you expect to be in a lower bracket next year.

Prepay deductible expenses (rent, insurance, software subscriptions) to accelerate deductions.

Purchase and place in service any equipment eligible for Section 179 or bonus depreciation.

Review retirement plan contributions — maximize SEP IRA, Solo 401(k), or defined benefit plan contributions.

Evaluate whether your current entity structure (LLC, S-Corp, C-Corp) is still optimal.

Pay any required reasonable compensation to S-Corp shareholders before year-end.

Review basis in pass-through entities to ensure losses are deductible.

Confirm all quarterly estimated tax payments are made to avoid underpayment penalties.

Reconcile bank and credit card accounts so every deductible expense is captured.

Schedule a year-end strategy meeting with your CPA before December 15.

Accrue CPA — Proactive accounting, tax planning, and CFO advisory for growing businesses.

(661) 374-0641 · accruecpa.com · 4900 California Avenue, Suite 210, Bakersfield, CA 93309