Year End Tax Planning for Small Business
Author: Jane Ryder
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This course discusses many opportunities for year-end tax planning for businesses and rentals. Timing of year end business expenses can provide tax savings by lowering profits but also offers options related “bunching” of expenses some years to effectively enable taxpayers to take advantage of credits and deductions subject to AGI or taxable income limitations. We’ll discuss fixed asset acquisitions, and options to escalate expenses and defer income for favorable tax outcomes. Plus, tax planning to maximize savings for QBI, PTET, passive activity losses, rental real estate losses, partnerships and guaranteed payments, shareholders and reasonable compensation, out of pocket expenses for partners and shareholders, estimated tax planning strategies, hiring spouses, pension funding and more.
Publication Date: November 2025
Topics Covered
- Tax Planning for Small Business
- Maximizing Tax Savings
- Business Tax Savings
- Individual Tax Savings
- Retirement Funding
- SEP Retirement Plans
- 401(k) Plans
- Other Tax Planning Consideraions for Retirement Plans
- Roth IRAs
- 2024 Key Retirement Plan Rules for IRS
- QBI Deduction
- PTET State Pass-Through Entity State Tax Elections
- Home Office Deduction
- Year End Business Expenses
- Tax Savings
- Other Business Tax Planning Considerations
- Maximizing Social Security Benefits
- Year End Planning
Learning Objectives
- Identify effective tax planning moves based on the type of business, entity or rental activity
- Determine maximum tax savings for QBI
- Determine maximum tax savings for PTET elections
- Identify S corporation tax savings and compliance matters
- Identify favorable treatment for partner income and expenses
- Identify favorable depreciation options for business assets
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
