Is Your Business Overpaying Taxes? 3 Mid-Year Moves That Could Lower Your 2025 Bill

When you look at your tax bill in April and think, "We could've done something about this... if we'd only planned earlier."

Well, this is earlier.

And if you're a business owner having a good year (or even a better-than-expected one), it's time to put an end to the silent tax creep.  Why wait till Q4?  That's when the windows start to close—and the stress levels rise.

Let’s change that.

3 Mid-Year Tax Moves Smart Business Owners Make (While There’s Still Time)

1. Revisit Your Depreciation Plan (Bonus Write-Offs Are Still In Play)

If you have invested in equipment, cars, or software this year or plan to do so, you may be eligible for accelerated depreciation, such as Section 179 or bonus depreciation.  But here is the catch:

• These tactics are most effective when implemented before year-end purchasing.
• Bonus depreciation is being phased off currently.

Many business owners lost out simply because they didn't talk to their accountant until December.

 Pro tip: Depending on your structure, leased assets may also qualify.

2.Maximize Retirement Contributions—For You, Not Just Your Employees

If your income is rising faster than projected, mid-year is an excellent time to review solo 401(k)s, SEP IRAs, or perhaps a defined benefit pension plan.

Why now?

You have time to set up or adjust arrangements to maximize tax-deferred savings.
 Contributions may reduce your taxed income now while building long-term wealth.
 You can alter estimated payments with more visibility into Q3/Q4.A defined benefit plan may appear confusing, but for certain business owners, it is the most powerful deduction available.

3. Shift Income and Expenses While You Still Control the Clock

You cannot always control revenue, but you can typically affect when income is recognized and when expenses appear on your books.

 Strategies may include:

  Deferring or accelerating billing.

  Prepaying certain expenses.

  Planning asset purchases before depreciation limits tighten.

  Using current cash flow to fund deductions proactively.

Not all tactics are applicable to every entity—S corporations, partnerships, and sole proprietorships have varying scheduling requirements.

The Sooner You Plan, the More You Save

Here’s what we see all the time:

Business is doing well.

 The novels are reviewed in January.

 When the tax bill arrives, it's too late to take action.

That is avoidable.

 But only if you act now, while there is still time to adjust.

Want a Fresh Look at Your 2025 Tax Position?

If you haven't examined your tax strategy in more than six months, or if you've recently made significant changes in your firm, contact us.

We’ll help you:

Identify the missed deductions.

 Recalculate the expected taxes.

 Make informed actions to secure your financial flow and future.

Contact our office if you want to take a proactive look at your tax situation before Q3 arrives.

 Because tax season should not be an unexpected onslaught.

 Let's plan as if it's part of the business—because it is.