12/05/2025
🔎 Tax Season Alert – Business Owners & Entrepreneurs!
Here are TOP tips you should act on now to maximize tax savings for the rest of 2025:
1. Max out tax-advantaged retirement and HSA accounts before year-end. 
2. Consider tax-loss harvesting in your investment portfolio — losses can offset gains or up to $3,000 of ordinary income. 
3. New for 2025: If you earn tips in a “customarily and regularly tipped” occupation, you may be eligible for a deduction on qualified tips. 
4. Standard deduction for 2025 is higher — single filers: $15,750. Married filing jointly: $31,500. Know your threshold before itemizing. 
5. If you rent or use space for your business, don’t forget the home-office deduction (regular & exclusive use).
6. Keep clear documentation for business meals, mileage, supplies, contract labor — these are still high-value deductions.
7. Plan with your tax professional now: build a pro forma 2025 return so you can adjust income or deductions before year-end. 
8. Don’t wait until April for your tax planning — the sooner you act (especially for year-end moves) the more options you’ll have.
💼 Want help putting these into action or walking through your own business deductions? Message me or comment “TAX HELP” and we’ll get you set up.