The growing importance of planning taxes year-round, not just in April
For High Earners, LLCs, and S-Corps — Five Steps That Could Save You Thousands
For many high-income individuals and business owners, tax planning still feels like something you do in March… maybe even the last week of March. But the consequences such a delay can be brutal: missed deductions, unnecessary estimated tax penalties, poor entity structure choices, and avoidable five-figure tax bills.
The truth? Taking just a few hours, spread out over the year can translate into tens of thousands in savings. Here's how to think about it in five clear steps:
1. Know Your Number Before the IRS Does
What most people do: Waiting until tax time to discover how much they owe.
What smart planners do: Run tax projections mid-year and in Q3 or Q4 to estimate what’s coming.
You can’t change what you don’t see. Mid-year projections (June–July) give you time to adjust income, shift timing of expenses, and make proactive moves instead of writing big checks in April and wondering what went wrong.
2. Align Your Entity with Your Earnings
What most people do: Set up an LLC or S-Corp and forget it.
What smart planners do: Re-evaluate your entities structure as income, operations, and goals evolve.
That S-Corp election might have saved you $8k when you were netting $100k. But now that you’re pushing $400k? There may be a better setup. Structures should evolve with your profits, not be frozen in time.
3. Use the Calendar to Your Advantage
What most people do: Treat all income as equal, regardless of timing.
What smart planners do: Time income, expenses, and big purchases strategically based on tax season cutoffs.
Accelerating expenses or deferring income — especially in December — can dramatically shift your tax burden. But that only works if you’re thinking about taxes before December 31st. A missed deadline could mean a missed deduction worth thousands.
4. Treat Bookkeeping Like a Wealth Strategy
What most people do: Reconcile books once a year just to file taxes.
What smart planners do: Use monthly bookkeeping to identify tax-saving opportunities in real time.
Categorizing that $900 client dinner properly, tracking your home office square footage, or keeping mileage logs — those only count if they’re documented. Clean books = clean deductions = real savings.
5. Don’t Let April Be the Only Tax Conversation
What most people do: Have one rushed call with a CPA once a year.
What smart planners do: Treat their tax pro like a CFO — schedule check-ins before the year ends.
A 30-minute call now could save you five figures. That’s the difference between reactive tax filing and proactive tax planning. And the best part? That time commitment is minimal, but the ROI is huge.
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Bottom Line:
April is when you settle your tab with the IRS. But the decisions that affect how big that tab is? They happen all year. If you’re making six or seven figures, or running a profitable LLC or S-Corp, year-round planning isn’t optional — it’s a money-saving necessity.
Give it a few focused hours now, and your future self (and your bank account) will thank you later.
I'm Bob, and I've been exactly where you are!
As a CPA, business owner, and advisor with over 35 years of experience, I’ve spent my career helping business owners—just like us—reduce taxes, structure their companies properly, and grow more profitably. As both an owner and advisor, I understand the day-to-day challenges that come with running and scaling a business.
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I partner with my clients to take a proactive, strategic approach to tax planning—helping them reduce exposure, uncover missed opportunities, and structure their businesses for maximum tax efficiency. My role goes beyond compliance; it’s about working alongside you to design a tax strategy that aligns with your broader financial goals. Whether you're navigating growth, preparing for investment, or simply looking to keep more of what you earn, I help turn complex tax rules into practical, long-term advantages—delivering clarity, confidence, and real savings year after year.
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Through Agility Accountants & Advisors, I work with individuals and businesses who are ready to move beyond reactive tax preparation. I bring real-world experience and forward-thinking strategy to every client —because I don’t just talk business, I live it.
Book your complimentary appointment now and let's explore ways to grow your success!
Benefits You Can Expect
Timing strategies mean more cash stays in the business or household
Clients keep more of their income legally and efficiently
align strategic decisions with your tax strategy
How it Works
Step One: Book your appointment
Hold a consultation to understand your financial position and identify our documentation requirements.
Step Two: We handle the details
We dive into the details—conducting thorough research and craft a tailored strategy for your review and approval.
Step Three: Review, execute and relax!
We finalize your strategy, implement the details seamlessly, and proactively manage future needs—so you stay focused on growth.