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5 Tax-Smart Ways to Withdraw Cash From Your C Corporation

Quick Take: Owner-employees can take money from a closely held C corporation while minimizing tax exposure by utilizing alternative withdrawal methods. Dividends result in double taxation, as they are taxable to shareholders and non-deductible for the company. Potential  alternatives include repaying bona fide shareholder loans, taking reasonable compensation, leasing assets, reimbursing qualified business expenses, and redeeming stock.

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Could You Owe the NIIT?

Selling a highly appreciated investment late in the year could trigger an additional tax cost: the 3.8% net investment income tax (NIIT). If you’re considering a significant transaction before January 1, first estimate the potential tax impact and evaluate planning opportunities.

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Tax-Smart Building Improvements

If your business plans building improvements before year-end, careful planning may let you maximize your 2026 tax deduction. A special safe harbor can allow qualifying small businesses to deduct such expenditures currently — but only if expenses don’t exceed the applicable limit.

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Get Ahead of Taxable Benefits

As year-end approaches, businesses have plenty of tax and payroll tasks competing for attention. One easy-to-overlook area is employee and owner benefits. Identifying taxable benefits before the final payroll runs of 2026 can help prevent reporting errors, payroll tax problems, and unexpected Form W-2 adjustments.

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October 2026 Tax Due Dates

October 15 Individuals: File a 2025 income tax return (Form 1040 or Form 1040-SR) if an automatic six-month extension was filed (or if an automatic four-month extension was filed by a taxpayer living outside the United States and Puerto Rico). …

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Ready Your Books for Tax Season

One of the most common bookkeeping mistakes business owners make is mixing business and personal finances. Addressing this issue before year-end can simplify tax preparation, improve the accuracy of your financial records, and help reduce the risk of IRS questions.

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Could Bad Debts Lower Your 2026 Taxes?

When customers or others don’t pay what they owe your business, you may be able to claim a bad debt deduction to help offset the financial loss. But it isn’t automatic. Businesses must satisfy specific federal tax rules and maintain adequate records to support the deduction.

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Could Accessibility Upgrades Lower Your Tax Bill?

Improving accessibility at your business may come with a valuable tax break: Eligible small businesses can claim the Disabled Access Credit for certain costs related to improving accessibility for individuals with disabilities. A business may qualify if, in the prior tax year, it had gross receipts of $1 million or less or no more than 30 full-time employees.

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5 Tax-Smart Investment Moves Before Year-End

As the end of 2026 approaches, look beyond investment performance and consider how taxes may affect your overall returns. Although tax considerations generally shouldn’t drive investment decisions, a year-end portfolio review may identify opportunities to reduce your taxes. Here are four to consider.

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