In HelloNation, Accounting and Tax Expert Paul Kersten Outlines Tax Planning Strategies

Before Year End The Article Explains How Reviewing Income, Retirement Contributions, and Investments Can Reduce a Tax Burden.

SHAWANO, Wis., Nov. 12, 2026 /PRNewswire/ -- How can small business owners lower taxes before year end? A HelloNation article answers that question, explaining how reviewing income, expenses, and retirement contributions can reduce a tax burden before filing season arrives.

The article features insights from Paul Kersten, an Accounting and Tax Expert with Kersten Accounting and Tax in Shawano, Wisconsin. He works with individuals and business owners on year round tax planning.

The article explains that useful tax planning happens throughout the year, not only in the spring when receipts and forms get pulled together. Waiting until filing season often means missing chances to make helpful adjustments.

According to the article, reviewing income and expenses on an ongoing basis gives a much clearer financial picture. This kind of regular review makes it easier to spot opportunities and avoid last minute surprises near year end.

Retirement contributions are described in the article as one of the simplest tools for proactive tax planning. Contributing to a retirement account before certain deadlines can lower taxable income while building long term savings.

The article notes that business decisions made throughout the year can also affect a final tax outcome. Purchasing equipment, hiring employees, or changing how a business is structured can all shift the numbers on a return.

Buying needed equipment before year end, for example, may allow a business to claim that expense sooner. Delaying a large invoice until January, on the other hand, might push income into the following year.

Small business owners in particular benefit from checking their tax situation well before December ends, the article explains. Estimating income for the full year makes it possible to time purchases or expenses more strategically.

The article also addresses self employed workers, who face their own timing questions since taxes are not automatically withheld from their income. Many self employed workers make estimated payments several times throughout the year.

Reviewing income regularly helps determine whether those estimated payments need to be adjusted before year end. Accounting and Tax Experts often point out that paying too little can lead to penalties. Paying too much, on the other hand, ties up cash that could be used elsewhere.

Retirees face a different set of questions, the article explains. Required withdrawals from certain retirement accounts are generally treated as taxable income, and planning around them in advance can help avoid unpleasant surprises.

The article also points to investment activity as an area where timing matters. Selling an investment that has lost value before year end may help offset gains from other investments sold during the same year.

Waiting until the following January to make that same trade could mean losing the chance to apply it against the current year. Health related expenses, charitable giving, and family changes can affect a return as well.

The article closes by noting that year round tax planning is not about finding loopholes. It is about understanding the rules well enough to make informed choices at the right time, which tends to reduce stress once filing season arrives.

How Small Business Owners Can Lower Taxes Before Year End features insights from Paul Kersten, Accounting and Tax Expert of Shawano, Wisconsin, in HelloNation.

Please click the link to read the article and view important disclosures.

About HelloNation

HelloNation is America's Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative "edvertising" approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

SOURCE HelloNation