Tax Planning - GoKawiil

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.

entrepreneur.com · 2026-08-27

Entrepreneur Op-Ed Urges Small Businesses to Lock In Tax Moves Before Year-End

An Entrepreneur contributor argues that small business owners often wait until filing season to think about taxes, when the real savings opportunities have already passed. The piece recommends forming an LLC early so owners can later elect S-Corp or other tax treatments, since such elections only apply to an entity that already exists.

entrepreneur.com · 2026-08-24