Year-end tax planning
Year-End Tax Planning and Pre-Filing Review
Use the remaining time in the year to review income, deductions, payments, purchases, payroll, and records before filing season begins.
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What this planning service helps you decide
Year-end planning is a focused review of what has already happened, what is expected before December 31, and which actions or records can still improve readiness. Timing, eligibility, cash flow, and documentation all matter.
Projected income and tax liability
Estimated payments and withholding
Equipment, vehicle, and retirement decisions
Payroll and owner compensation
Charitable and capital transactions
Books and tax document readiness
A practical review process
Step 1
Close or update the books and gather current-year tax information.
Step 2
Identify actions with real deadlines and explain their tradeoffs.
Step 3
Prepare a prioritized checklist for year-end and filing season.
Questions about year-end tax planning
Is it too late for year-end tax planning after December 31?
Some year-end choices cannot be recreated after the deadline, but a post-year-end review can still improve filing accuracy and future planning.
What should I bring to a year-end review?
Bring current books, prior returns, payroll information, income records, major purchase details, payment records, and notices.