06/22/2026
We're more than halfway through 2026, making now the ideal time for business owners to review their tax strategy before year-end planning opportunities begin to narrow.
The One Big Beautiful Bill Act (OBBBA) introduced several changes that may impact deductions, income planning, entity strategy, and overall tax liability. A mid-year review can help identify opportunities while there is still time to make meaningful adjustments.
Key areas to evaluate include:
✅ Reviewing withholding and estimated tax payments to ensure they remain aligned with projected income and current tax law changes.
✅ Coordinating capital gains, business income, and charitable giving strategies to help manage tax brackets and reduce potential tax exposure.
✅ Exploring Roth conversion opportunities as part of a broader retirement and tax diversification plan.
✅ Assessing accounting methods and timing strategies, including depreciation, Section 179 elections, repairs versus improvements, and other opportunities to optimize deductions.
✅ Re-evaluating entity structure to confirm it still supports business growth, tax efficiency, liability protection, and future succession or exit goals.
✅ Reviewing health insurance, life insurance, and HSA strategies to ensure they remain cost-effective and tax-efficient for both owners and employees.
Mid-year planning provides the advantage of acting while options are still available—not after the calendar year has ended.
If you're a business owner, now is the time to assess how recent tax law changes and your business performance to date may impact your 2026 tax picture and identify opportunities before year-end.
Contact Anh or Sara today to schedule your free consultation!