Tax planning only works when you act before the year closes. Every fall, business owners repeat the same mistake: “I’ll deal with taxes at the end of the year.” By December, most high-value strategies are no longer available.

Waiting until the last minute often means missing opportunities that can save tens or even hundreds of thousands of dollars.

For years, uncertainty surrounding Section 174 made many businesses hesitate to pursue the Research & Development (R&D) Tax Credit and Deduction. Since 2022, complex capitalization rules and compliance burdens left even innovative companies wondering whether the work was worth the effort.