Stop Rushing Year-End Decisions: A Smarter Approach to Tax Planning
Why Last-Minute Tax Decisions Can Be Risky for Business Owners
As the year winds down, many business owners feel the familiar pressure to make last-minute purchases before December 31 to reduce taxes. But those quick decisions can sometimes do more harm than good.
Why Long-Term Tax Strategy Matters More Than Year-End Deadlines
We believe the best tax strategies aren’t built in December—they’re developed all year long, with your lifetime goals in mind. Behind the scenes, our team is continually monitoring new tax legislation and identifying opportunities for our clients. And with the latest tax updates, now is the perfect time to take a more intentional approach to planning.
Understanding the Latest Tax Law Changes Under OBBBA
Recent changes under the One Big Beautiful Bill Act (OBBBA) restored 100% bonus depreciation for qualifying equipment purchases and extended the 20% Qualified Business Income (QBI) deduction for many pass-through entities. These updates can offer meaningful opportunities when used strategically—but timing and purpose matter.
Why Thoughtful Planning Helps Business Owners Avoid Costly Mistakes
“It’s easy to get caught up in year-end deadlines,” said Tyler Tilton, Partner at Vance Wealth. “But the most successful business owners look beyond this year’s return and build tax strategies that support their growth for years to come.”
How simplify365® Supports Strategic Year-Round Decision Making
Through our simplify365® approach, we help business owners align their finances with their goals—using tools like Payroll Optimization™, our Tax Due Diligence Process™, and retirement plan design tailored to long-term success. Our process scales to fit your business goals and complexity, and we work closely with your CPA or tax professional to ensure a seamless, coordinated strategy.
When to Start Planning for Better Long-Term Outcomes
The best time to start planning was yesterday—the next best time is today. If you’d like our help making the most of 2025, now’s the perfect window to begin your Tax Due Diligence Process™ and implement meaningful strategies before year-end. And if this season already feels full, that’s okay too. Schedule time in January to get ahead for 2026—because our goal isn’t simply to save you tax this year, but to help you save tax over your lifetime.
(Source: One Big Beautiful Bill Act (OBBBA), enacted 2025; IRS Code Sections 168(k), 199A.)
Disclosures
This material is for educational and informational purposes only and does not constitute advice. Vance Wealth does not provide tax or legal advice. You should contact your tax advisor and/or attorney before making any decisions with tax or legal implications.
Past performance or previous tax outcomes do not guarantee future results. Any opinions or forecasts contained herein reflect the judgment and assumptions of the authors as of the date of publication and are subject to change without notice. There is no guarantee that any forecasts or legislative interpretations will materialize.