Maximize Year-End Business Tax Deductions

November 13, 2025

Hi There!

As the year wraps up, now’s the time to review your income and expenses to make the most of available tax-saving opportunities. Smart timing can help lower your 2025 tax bill. While cash-basis taxpayers have more flexibility in shifting income and expenses, accrual-basis businesses have unique advantages when it comes to deductions. Read our blog post, Year-End Tax Tips for Accrual-Basis Businesses, for more information.

As always, the SKP team is ready and willing to help! Contact us or call (203) 933-1679 today.

Thank you.

Rich Pavano, CPA

Maximize Year-End Business Expense Deductions

This is a good time to maximize year-end business expense deductions for tax deductibility. Accelerating deductible expenses into 2025 can reduce your current-year taxes and may even generate permanent tax savings. Additionally, the One Big Beautiful Bill Act (OBBBA) affects certain deductions by making some TCJA provisions permanent or revising rules that had limited previously allowed deductions.

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