Year-end planning works best when you start early enough to act. These five conversations can help you identify opportunities before the calendar closes.
1. Revisit income and expenses before December 31
Understanding where your business stands today helps you make informed decisions in the weeks ahead. Review your year-to-date profit and loss, expected December income, and any large expenses you can plan or defer.
Look for timing questions that affect both tax and cash flow. Your advisor can help you separate practical planning from decisions that only move a problem into January.
2. Review retirement contribution options
Retirement contributions may support long-term goals while changing taxable income. Available options and deadlines depend on your business structure and plan.