Tax · 7 min read
Year-End Tax Planning Checklist for Small Business
Once the calendar flips, your options shrink fast. Run this list in November so you still have time to act.
Income and expense timing
- Defer December invoicing into January (cash basis)
- Prepay deductible expenses before 12/31
- Buy and place in service equipment for Section 179 / bonus
Retirement and benefits
- Max Solo 401(k) employee deferrals by 12/31
- Open a SEP-IRA (deadline extends to filing date)
- Fund HSA if eligible
