The 2024 tax year has ended and tax professionals everywhere are encouraging their small business clients to close their books and start thinking about their tax returns. In a perfect world these clients have worked with their tax and accounting professionals throughout the year to optimize their small business taxes. Of course, we don’t live in a perfect world and clients are often surprised at how much their small business made (and how much tax they owe) come tax time. The good news is that there are a few tax optimization strategies that are available to small business owners after the tax year ends. Forbes contributor Amber Gray-Fenner outlines 3 key strategies to help small businesses optimize their filings safe during this tax season.
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