10/15/2026
Business owners hear a lot about “write-offs.” But tax planning shouldn't consist only of asking:
“What can I deduct?”
A deduction generally reduces the income subject to tax, while a tax credit generally reduces tax itself, subject to the specific credit's rules and limitations.
Depending on the business and circumstances, federal business provisions can include credits associated with certain activities.
Before year-end, ask your tax professional:
“Based on what my business actually did this year, are there any tax credits we should evaluate?”
Start with facts rather than chasing a list from social media:
What employees did we hire?
What benefits or plans did we establish?
What investments or improvements did we make?
What industry-specific activities occurred?
Then determine whether any applicable provision deserves further review.
Redemption Accounting can review the financial activity of your business as part of tax planning and help identify areas that warrant evaluation for potential tax treatment or available opportunities.
Good tax planning isn't about collecting random “write-offs.” It's about understanding which tax rules actually apply to your business.
Let Redemption Accounting help you ask the right questions.
https://calendly.com/redemptionaccountingpro-info/tax-planning-consultation