Smart Year-End Tax Moves: Strategies to Reduce Your Tax Burden Before December 31

The end of the year is one of the most powerful windows for reducing your tax liability—if you know what actions to take.

In this session, we walk through practical, legal strategies small business owners can use to lower taxes, strengthen financial records, and enter the new year fully prepared.

Learn:

• How setting up a SIMPLE IRA or self-employed retirement plan can lower taxable income
• When it makes sense to time equipment purchases
• How to ensure all business deductions are captured appropriately
• What complete mileage logs should include
• Steps you can take now to simplify tax filing in the new year
• What to include in an end-of-year compliance checklist (W-2s, 1099s, deadlines)
• Upcoming regulation changes that may impact 2025 filings

This session is perfect for business owners who want to be proactive instead of reactive—and who want to make smart tax decisions before the books close.

Brought to you by Capital Pathways – Southwest Virginia,  a no-cost program from the Virginia SBDC that helps small businesses get the funding they need to grow. The program is designed for very small (fewer than 10 employees), emerging, and growth-ready businesses that face challenges accessing traditional financing. It offers hands-on group learning, guided implementation, and extended one-on-one support focused on strengthening your finances, loan applications, and legal setup.