Your proactive guide to minimize liabilities and maximize value.
1. Review Revenue vs. Forecast
- Are you ahead or behind projections?
- Do Q1 and Q2 actuals suggest a revised revenue target?
2. Adjust Estimated Tax Payments
- Have you recalculated your Q3 and Q4 estimated taxes based on actual performance?
- Avoid overpayment or underpayment penalties by aligning with real-time numbers.
3. Evaluate R&D Tax Credit Eligibility
- Are you developing technology, internal systems, or new products?
- Ensure documentation is in place to claim credits for qualifying work.
4. Analyze Entity Structure
- Is your current business structure (LLC, S-Corp, C-Corp) still optimal for your tax goals and capital plans?
- Should you consider a restructuring based on growth, investment, or ownership changes?
5. Optimize Owner Compensation
- Is your mix of salary, dividends, or distributions structured tax-efficiently?
- Consider the implications for self-employment taxes, retirement contributions, and QBI deductions.
6. Plan for Capital Raises or Exits
- Are your financials and tax returns clean and investor-ready?
- Are you minimizing audit risk and maximizing your valuation narrative?
7. Review Retirement and Benefit Contributions
- Have you fully utilized available retirement plan contributions (SEP IRA, Solo 401k, etc.)?
- Can you structure benefits to reduce taxable income?
8. Assess State and Local Tax (SALT) Exposure
- Are you expanding into new states?
- Have you reviewed nexus issues and multi-state filing requirements?
9. Integrate Personal and Business Planning
- Are there opportunities to shift income or expenses for better personal tax positioning?
- Have you planned for equity grants, buybacks, or liquidity events?
10. Schedule a Strategic Tax Review
- Don’t wait until Q4 or worse—March. Now’s the time for proactive planning.
[Download the Checklist]
📆 Book Your Mid-Year Review
Now’s the time to catch opportunities—and correct courses if needed. Let’s revisit your numbers, your goals, and your roadmap to minimize liability and maximize growth.
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