Small business owners urged to adopt year-round tax planning
Updated
Updated · News-Leader · May 10
Small business owners urged to adopt year-round tax planning
14 articles · Updated · News-Leader · May 10
The guidance says more than 30% of business partnerships file tax extensions annually, even though penalties and interest start accruing after the April payment deadline.
It recommends pay-as-you-go tax saving, quarterly liability forecasts, organised digital records, early Q4 2026 planning and regular check-ins with tax advisers.
The article says proactive planning can improve cash-flow predictability, speed refunds, support lender and investor requirements for recent returns, and free owners to focus on budgets, investments and growth.
As AI automates tax compliance, what is the one strategic question every business owner should now ask their CPA?
With 100% bonus depreciation now permanent, should your business buy or lease its next major piece of equipment?