Last Minute Year-End Business Tax Deductions
- John Schaaf
- Nov 12
- 1 min read
If you had an unusually large profit this year, consider:
Prepaying up to 12 months of next year’s expenses, like rent or insurance – you can’t make a deposit towards next year’s expenses, but if you legally owe the money already and can pay it this year, then pay it
Stop billing customers, clients, and patients
Buy office equipment
Remember, whatever you charge to your credit card this year for your business is a deduction this year
Make a large inventory purchase this year
