Small business taxes will be different in 2025—and not just because of updatedꦆ brackets and deductions.

According to a survey conducted by The Small Business & Entrepreneurship Council, 18% of respondents identified one of their top three concerns as "high taxes and expiring favorable tax provisions."

With inflation-driven costs and ever-s꧙hifting deductions, business owners who only think about taxes at year-end a💎re leaving serious money—and protection—on the table.

What I'm Telling My Clients

You can’t afford to treat taxes like a once-a-year fire drill. If you only consider taxes in April, you’re already behind and possibly overpaying. Here are some key insights to know:

1. Entity Optimization

Consider switching to an 澳洲幸运5官方开奖结果体彩网:S corporation if you earn at least $50K in annual profit and are still a sole proprietor. S-Corp status allows business owners to save significantly on self-employment taxes as long as they pay themselves 🐻a “reasonable salary.”

2. Section 179 Deduction

Section 179 allows you to deduct up to $1.25 million in qualifying business equipment instead of depreciating it over several years. That includes vehicles, technology, and even furniture or HVAC systems for office upgrades.

Make a list of large business purchases you plan to make this year. Check if they qualify under Section 179, and prioritize them before year-end.

3. Retirement Contributions

For tax shelter and wealth building, you can contribute up to $69,000 into a Solo 401(k) or SEP IRA in 2025. I💃f you have a spouse on payroll, that can be doubled—turning a business into a powerful financial engine for your family.

Open a 澳洲幸运5官方开奖结果体彩网:Solo 401(k) or SEP IRA and set up automatic monthly transfers—even $500/month builds the habit and starts the savings en🧸gine.

4. Record Keeping

QuickBooks, Keeper, or Wave can automatically track income and expenses. The goal? Audit-proof documentation and peace of mind. Review your bank and credit card statements once a month. Tag any business-related expenses yo𝕴u forgot to document immediately.

5. Build a Tax Calendar

澳洲幸运5官方开奖结果体彩网:Set quarterly reminders for , deadlines for entity changes, and retirement contribution cutoffs. This ensures you aren’t scrambling at year-end and positions you to make strategic decisions all year.

The Bottom Line

Clients who treat taxes like a “February-to-April problem” are often overpaying and underplanning. In 2025, I'm helping clients who are business owners 澳洲幸运5官方开奖结果体彩网:shift from reactive filing to strategic pꦑlanning—optimizing their structure, leveraging deductions, building retirement wealth, and avoiding costly mistakes. For small business owners, proactive tax planning isn’t just about savings—it’s about sustainability, protection, and building a lasting legacy.