Mid-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.