You know that moment in April when you look at your tax bill 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 who’s having a good year so far (or even just a better-than-expected one), now’s the time to stop the silent tax creep. Because waiting until fourth quarter? That’s when the windows start to close—and the stress starts to spike.
Let’s change that.
3 Mid-Year Tax Moves Smart Business Owners Make (While There’s Still Time)
- Revisit Your Depreciation Plan (Bonus Write-Offs Are Still In Play)
If you’ve invested in equipment, vehicles, or software this year—or plan to—you may qualify for accelerated depreciation, like Section 179 or bonus depreciation. But here’s the catch:
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- These strategies work best when coordinated before year-end purchases
- The bonus depreciation phaseout is happening now
Many business owners miss out simply because they didn’t discuss with their accountant until December. Pro tip: Even leased assets may qualify, depending on your structure.
- Maximize Retirement Contributions—For You, Not Just Your Employees
Mid-year is a golden time to assess solo 401(k)s, SEP IRAs, or even consider a defined benefit plan if your income is trending higher than expected. Why now?
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- You have time to set up or amend plans to capture more tax-deferred savings;
- Contributions may reduce your taxable income now and build long-term wealth, and
- You can adjust estimated payments with better visibility into Q3/Q4 income.
A defined benefit plan might sound complex, but for certain business owners, it’s the most powerful deduction left.
- Shift Income and Expenses While You Still Control the Clock
You can’t always control revenue, but you can often influence when income is recognized and when expenses hit your books. Strategies might include:
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- Deferring or accelerating billing;
- Prepaying certain expenses;
- Timing asset purchases before depreciation limits tighten, and
- Using your current cash flow strength to fund deductions proactively
Not all strategies apply to every entity—S corps, partnerships, and sole props have different timing rules.
The Sooner You Plan, the More You Save
Here’s what we see all the time:
- Business is going great
- The books get reviewed in January
- Tax bill arrives—and it’s way too late to do anything about it
That’s avoidable. But only if you act now, when there’s still room to adjust.
Want a Fresh Look at Your 2025 Tax Position?
If it’s been more than six months since you reviewed your tax strategy—or if you’ve made big moves in your business lately—reach out.
We’ll help you:
- Identify missed deductions
- Recalculate estimated taxes
- Make smart moves that protect your cash flow and your future
Tax season shouldn’t be a surprise attack. Let’s plan like it’s part of the business—because it is. Contact the Experts at Henssler Financial if you’d like to take a proactive look at your tax picture before third quarter sneaks up.
- Experts Request Form
- Email: experts@henssler.com
- Phone: 770-429-9166
Disclosures: This article is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing. Henssler is not licensed to offer or sell insurance products, and this overview is not to be construed as an offer to purchase any insurance products.
