It feels like we just closed the books on another year, yet here we are already talking about 2026. In the world of business finance, thinking two steps ahead isn't just smart; it's necessary for survival and growth. As your strategic partner, Michael E. McCabe, CPA believes that effective tax planning isn't an annual event, but an ongoing process that requires foresight.
Our Guide to Tax Planning for 2026: Why You Need to Start Now
Shift from Reactive to Proactive Strategy
Many business owners only talk to their CPA when tax season arrives, which is often too late to make impactful changes. A valuable small business accountant doesn't just record history; we help you write it. By starting your 2026 planning now, we can implement strategies quarterly, rather than scrambling at year-end.
Maximizing Future Deductions and Credits
Tax laws are constantly evolving, and the provisions available today might change by 2026. We help you anticipate these shifts. Planning ahead allows you to perfectly time major equipment purchases, accelerate expenses, or defer income to ensure you are utilizing every available deduction in the most advantageous tax year for your business.
Leveraging Retirement Vehicles for Savings
Business tax planning services aren't just about the company; they are about the owner's future, too. Utilizing retirement plans like a Solo 401(k) or SEP IRA can significantly lower your current taxable income while securing your personal financial future. We help you determine which vehicle yields the best long-term results.
Re-evaluating Your Business Structure
Is your current entity type still the most tax-efficient option for where your business will be in 2026? What worked when you started might not work as you scale. As a small business accountant, we analyze if an S-Corp election or a different structure could save you thousands in self-employment taxes down the road.
Effective tax planning for Los Angeles businesses is about avoiding surprises and maximizing opportunities. Don't wait until 2026 is knocking on the door to get your financial house in order. Contact Michael E. McCabe, CPA today to learn how our proactive business tax advice can set you up for success. Let’s build your future strategy together.