Year-End Financial Outlook: 5 Smart Moves to Boost Cash and Cut Taxes
As the year winds down, this is your window to take control of your finances not only for 2025 but also for the upcoming tax season.
When you take action now, you lower your tax bill and eliminate the stress and surprises that often come with filing in the spring. Even better, the recently passed One Big Beautiful Bill creates valuable new incentives that can only be used if the proper steps are taken before year-end.
Here are four smart actions to help you finish strong and set the stage for a more profitable and organized new year.
1. Review Your Business’s Financial Performance
If you haven’t checked in on your numbers since Q2 or Q3, now is the time to assess what worked and what didn’t. Your net income, expenses, and cash flow are clues to your tax strategy and any course corrections you can still make before December 31.
2. Clean Up Your Bookkeeping
Behind on your books? Don’t wait until January to catch up. Clean and current financials allow for better tax planning, faster filings, and fewer headaches for you and your tax advisor. The earlier you clean things up, the smoother your tax season will be.
3. Prepare for Your Final 2025 Estimated Tax Payment
January’s quarterly payment deadline may seem far off, but waiting too long could lead to penalties or cash flow pressure. Reviewing your income now helps you project what’s due and allows you to reduce that amount through strategic planning.
4. Schedule a Year-End Tax Planning Session
Some of the most valuable tax moves only count if completed before December 31. Whether taking full advantage of 100 percent bonus depreciation, optimizing your compensation, adjusting your entity structure, or locking in QBI deductions, now is the time to strategize.
This is also where you should ensure that the new tax bill works for you, not against you.
The most successful business owners aren’t just filing tax returns. They’re using the tax code to plan, reduce liability, and free up cash to grow.
Taking a few key steps now can make this your smoothest, most strategic tax season yet.
Ready to finish strong and plan smart?
