THE BERNARDS-RIDGE CONNECTION PAGE 9 SEPT/OCT/NOV 2026 theconnectionsnj.com Strategic Tax Planning for the Wealth You’re Building Strategic tax planning helps you make informed business decisions while there is still time to act. STRATEGIZE. OPTIMIZE. PROTECT. PROSPER. MORE THAN NUMBERS-STRATEGIES THAT BUILD WEALTH, PROTECT WHAT MATTERS AND CREATE LASTING LEGACIES. Strategy. Confidence. Legacy. (732) 474-7790 info@accutaxservicesllc.com accutaxservicesllc.com Warren, NJ APPLY FOR A TAX PLANNING DISCOVERY CALL TODAY! Personalized tax solutions. Powerful results. WOMEN-OWNED BUSINESSES Tax strategies that support growth, cash flow and long-term success. REAL ESTATE PLANNING Smart tax structuring for acquisitions, holdings and investment growth. HIGH-INCOME ENTREPRENEURS Advanced tax advisory to maximize wealth and minimize tax exposure. TAX STRATEGY IS WEALTH STRATEGY. Let’s build your legacy - together. Melissa O’Selmo EA | PA | CTC TAX ADVISOR & STRATEGIST ACCUTAX SERVICES SIGNATURE TAX ADVISORY STRATEGIC ADVICE • PROACTIVE PLANNING • LASTING IMPACT 3. Review Entity Structure and Owner Compensation Your entity affects income taxes, payroll taxes, reporting and administrative costs. S corporation owners who work in the business should also review whether wages remain reasonable for the services performed. Entity changes should be modeled carefully; a structure that benefits one owner may create unnecessary cost and complexity for another. 4. Evaluate Equipment Purchases Before Spending Current law provides favorable first-year depreciation for many qualifying business assets. That does not mean every purchase should be accelerated. Consider business need, cash flow, financing, placed-in-service timing and the effect of deductions on other tax attributes. Buy equipment because it supports the business, then determine the most appropriate tax treatment. 5. Revisit Retirement Plans and Employee Benefits A SEP IRA, SIMPLE IRA, 401(k) or other qualified plan may support retirement goals while creating potential deductions. Contribution limits and establishment deadlines vary by plan. Owners with employees must also consider eligibility and nondiscrimination requirements. Begin the review early enough to compare options and complete required documents. The most useful year-end meeting combines current books, the prior-year return, payroll information and a realistic forecast. Planning cannot guarantee a particular result, but starting before December creates more choices than waiting until filing season. Melissa O’Selmo, Licensed Tax Strategist and Certified Tax Coach of AccuTax Services, LLC, provides tax planning and advisory services to small-business owners. With a proactive strategy-focused approach, she helps business owners identify tax-saving opportunities, stay compliant, and make informed decisions that support long-term growth. Schedule a discovery call today! SPONSORED CONTENT Sources: IRS guidance; Grant Thornton 2026 YearEnd Tax Guide; Journal of Accountancy, March 20, 2026. General educational information only; not tax, legal or investment advice. Individual facts and current law must be reviewed. tax return records decisions that have already been made. Year-end planning is different; it gives business owners time to review results, correct course and act before important opportunities close. Because every business has different cash flow, ownership and goals, the best plan is selective rather than complicated. Start with these five areas: 1. Close the Books and Build a Forecast Tax planning begins with reliable numbers. Reconcile bank and credit-card accounts, review receivables and payables, and update your profit-and-loss statement through the latest month. Then project revenue, expenses and owner compensation through December. A current forecast helps distinguish a real planning opportunity from a decision based on incomplete information. 2. Recalculate Estimated Taxes Business income can change quickly. Sole proprietors, partners and S corporation shareholders may need estimated payments when withholding does not cover their expected liability. Compare payments already made with projected federal and New Jersey obligations. An updated calculation can help reduce underpayment surprises while preserving appropriate working capital. CONNECTION COMMENDS A 2026 Year-End Tax Planning: Five Moves Small-Business Owners Should Consider Now By Melissa O’Selmo, EA, PA, CTC-AccuTax Services Warren NJ 732-474-7790 www.accutaxservicesllc.com
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