Shownotes
Strategic tax planning at the end of the year is never a one-size fits all model, but in this episode, we'll share a few of our favorite tax deduction strategies and credits. A few adjustment's at year-end can have huge impacts long-term.
Tax Deduction Strategies
- 2:08 - Deferrals, purchases, and rate reductions
- 7:19 - Equipment purchases & depreciation
- 9:13 - Setting up retirement/pension plans
- 10:55 - Timing on year-end bonus payouts
- 11:55 - Method of accounting (cash vs. accrual)
- 13:29 - Net operating losses
Tax Credits
- 15:28 - R&D credits
- 18:39 - Inflation Reduction Act & Chip Act
Other
- 19:51 - ABE / Pass-through tax deduction
- 23:54 - State & Local Tax