GoKawiilMid-year tax planning tactics that founders often overlook
An Entrepreneur op-ed argues that small business owners typically leave tax planning until December or April, missing chances to adjust course while the fiscal year is still open. It outlines four mid-year moves—setting owner salary deliberately, reviewing entity structure, coordinating retirement contributions, and using strategies like the qualified business income deduction and the Augusta Rule—that can meaningfully cut a founder's tax bill if done properly and documented.
GoKawiil's interpretation of the reporting above, not reported fact.
Many of these tax benefits are locked in by decisions made months before filing, so waiting until tax season eliminates options that could have saved real money. The piece underscores that owner salary, entity type and retirement contributions are interconnected levers that require deliberate, advisor-guided planning rather than default settings.
- Mid-year adjustments give founders flexibility that April filing no longer allows.
- S-corp owners must balance salary levels against payroll tax costs and retirement/QBI benefits.
- Deductions like QBI and the Augusta Rule demand legitimate use and clean documentation to hold up.
QuickBooks Self-Employed / Intuit TurboTax Business tax software — If mid-year tax planning is the goal, TurboTax Business helps S-corps, partnerships and multi-member LLCs organize entity-level filings and track deductions before April panic sets in. It walks you through the paperwork side of the moves your advisor recommends, so documentation stays clean and defensible.
See QuickBooks Self-Employed / Intuit TurboTax Business tax software on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: entrepreneur.com — Tal Binder, 2026-08-27
Published there as: “The 4 Tax Moves That Could Pay for Your Next Summer Vacation”
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