Small Business Finance

Mid-Year Tax Planning: Why Waiting Could Cost You

It’s September — do you know where your tax strategy stands? 
If your tax plan is still on the back burner, now is the time to bring it front and center. At Holmes & Associates, CPAs, we specialize in proactive tax planning for business owners, real estate investors, and individuals throughout Long Beach and Los Angeles. The sooner we begin, the more opportunities we have to optimize your outcome. 

Why Mid-Year Matters 

By reviewing your tax position now — instead of in January or February — you can: 

  • Adjust estimated payments before Q4 

  • Identify missed deductions while there’s still time to correct them 

  • Plan major purchases or investments strategically for maximum tax benefit 

  • Avoid surprises when it’s time to file 

For Business Owners 

If you own an S-Corp, LLC, or Partnership, Q3 is ideal for re-evaluating your entity structure, retirement contributions, and owner compensation. With the pass-through deduction now permanent under the new tax law, there's even more incentive to ensure your setup is optimized. 

For Real Estate Investors 

Bonus depreciation is phasing out, but strategic moves before year-end can still lead to major savings. If you’re holding or managing property, now’s the time to: 

  • Run cost segregation studies 

  • Classify capital vs. repair expenses 

  • Project net income to reduce estimated tax stress 

Let’s Get Strategic 

Don’t settle for basic tax prep — go beyond the minimum. Holmes & Associates is a trusted Long Beach CPA firm with decades of experience helping clients reduce liability and grow smarter. 

📞 Call 562-495-3331 or schedule a consultation to build your 2025 strategy.