Contact us Ph: 954-546-1626 Email: dwolfe@cpawolfe.com
Signed in as:
filler@godaddy.com
The best time to start year tax planning with a CPA is typically in the early fourth
quarter, around October or November. Beginning your tax planning during this period allows enough time to assess your current financial status, implement tax-saving strategies, and avoid the last-minute rush at year-end. Here’s a breakdown of why this timing is ideal:
1. Early Q4: Assess and Strategize
2. Mid-to-Late Q4: Implement and Optimize
3. Benefits of Early Planning with a CPA
Starting in October or November gives you a head start on year-end tax planning, allowing your CPA and tools to work together to optimize your tax strategy, maximize deductions, and set your business up for a successful financial close to the year.
Own a small or mid-size business? Here’s great news!
If you have 1-50 employees, you could qualify for:
✅ Up to $5,000 in tax credits per year to cover retirement plan startup costs.
✅ 100% tax credit on employer contributions for eligible employees (up to $1,000 per employee for the first two years).
If you have 51-100 employees, you may still claim:
✅ Up to 50% of eligible startup costs, capped at $5,000.
✅ Contribution credits adjusted for larger teams.
This website uses cookies. By continuing to use this site, you accept our use of cookies.