Year-End Tax Planning Moves for Small and Mid-Sized Businesses
Year-end tax planning moves for small and mid-sized businesses: timing income and expenses, equipment, retirement plans, owner pay, and New York items.
Business & Corporate Tax
You don't think of your business as small, and neither should your accountant. We help owners choose the right structure, set reasonable owner compensation, capture deductions and depreciation correctly, and plan before year-end instead of after.
In short: Boyle Accounting prepares and plans federal and New York business tax returns for sole proprietors, LLCs, partnerships, S corporations, and C corporations, from small family companies to larger multi-state businesses. We focus on lowering your total tax cost over time, not just filing on deadline.
What's included
- Form 1065 partnership, 1120-S S corporation, and 1120 C corporation returns
- New York State CT-3, CT-3-S, IT-204 and related filings
- Entity selection and S corporation elections
- New York Pass-Through Entity Tax (PTET) analysis and elections
- Depreciation, Section 179, and fixed asset planning
- Quarterly estimates and year-end tax planning
- Multi-state filing for businesses with customers or employees outside New York
Who it's for
Owners of service firms, contractors, manufacturers, professional practices, real estate companies, and family businesses across Central New York and beyond.
Frequently asked questions
Should my LLC be taxed as an S corporation?
It depends on your profit level, how much you pay yourself, payroll costs, and New York State rules. We run the numbers both ways before recommending an election.
Do you work with businesses outside Central New York?
Yes. We serve clients in all 50 states. Much of our work is done remotely, and we can visit on site when that serves you better.
When should we start year-end tax planning?
Ideally in September or October, while there is still time to time purchases, adjust compensation, and make retirement plan decisions.
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