May 22, 2025

Hello Richard,


As summer nears, I hope you're finding time to relax and recharge – and then look ahead. Whether it’s adjusting estimated tax payments, reviewing your business performance, or planning for mid-year strategies, a little attention now can make a big difference later.


This is also an ideal time to evaluate retirement contributions, tax-saving opportunities, or cash flow goals before the busy summer months begin.


The SKP team is here to help you stay ahead and make the most of the year. Call us at 203-933-1679 or email us with any questions or concerns.


Thank you.


Rich Pavano, CPA

Offset Losses to Reduce Taxable Income

Even the most successful businesses can face unprofitable years. Fortunately, the federal tax code provides a way to ease the financial strain. Through the net operating loss (NOL) deduction, eligible businesses may be able to offset losses to reduce taxable income in future years – offering valuable relief when it’s needed most. Read our blog post to learn who qualifies and more.

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