If you are a business owner still performing DIY accounting, you may be familiar with the that feeling in March or April of “I wish I would have discussed this with my CPA earlier”.

Well… this is earlier.

Business owners who are experiencing financial success this year—now’s the time to address the uncertainty of how this will affect your taxes. Waiting until Q4? That’s when your options narrow, and the stress becomes overwhelming.

Let’s get ahead of it.

What to Consider Now (While You Still Have Options)

1. Revisit Your Depreciation Plan
Bonus write-offs are still here—just not for long.

If you’ve invested in equipment, vehicles, or technology this year—or plan to before year-end—you may still benefit from accelerated depreciation methods like Section 179 or bonus depreciation. But keep in mind:

• Bonus depreciation is phasing out—2025 allows just 60% (down from 100% in 2022)
• Timing is everything—these deductions apply based on when the asset is placed in service
• Leased assets and software may qualify, depending on your business structure
• State-level rules vary, and not all states conform to federal depreciation rules

💡 Tip from Rose Group: If you’re weighing a large purchase, let’s run the numbers now. A tax-saving purchase only helps if it fits your overall cash flow and tax strategy.

2. Maximize Retirement Contributions—for Yourself, Not Just Your Team

Mid-year is a golden window to review your retirement savings plan. Whether you’ve got a SEP IRA, solo 401(k), or are considering a cash balance or defined benefit plan, now’s the time to act—not in December.

Why look now?

• You can still set up or amend plans to capture more 2025 deductions
• Adjust estimated tax payments with better visibility into Q3/Q4 income
• Defined benefit plans, though more complex, can offer six-figure deductions for the right business owners

💡 Pro tip: We can run contribution scenarios based on your projected income—and model the tax savings vs. contribution requirements to help you decide.

3. Shift Income and Expenses Intentionally—While the Clock’s Still Ticking

You can’t control everything in business—but you often can influence when income and expenses hit the books. These strategies are particularly effective when planned in advance:

• Defer or accelerate billing
• Prepay rent, insurance, or professional services
• Fund year-end bonuses early if cash flow allows
• Time equipment or software purchases before bonus depreciation drops further
• Watch for timing mismatches in pass-throughs like S Corps and partnerships

💡 Quick note: Not all strategies work for every entity type. What’s good for an S Corp might not make sense for a sole prop or partnership. Let’s match the moves to your structure.

Don’t Wait Until You’re Out of Moves

Here’s a pattern we see too often:

 ✅ Business is booming
 🚫 Tax planning gets pushed to year-end
 💸 The tax bill hits in April—and it’s too late to fix it

That’s preventable. But only if you act when there’s still time to change course.

If it’s been more than six months since your last tax review—or you’ve made big moves like hiring, expanding, buying property, or changing entity type—now’s the time to talk.

At Rose Group CPAs, we’ll help you:

✔ Identify deductions you might be missing
✔ Recalculate your estimated payments
✔ Map out a tax-smart plan for the rest of the year

Reach out to our office before Q3 sneaks up. We’ll help you take control—so tax season doesn’t feel like a surprise attack.

Let’s plan like it’s part of running the business—because it is.