Q4 marks one of the best seasons of the year for the Anomaly Team!  It is time to make the final optimizations as we head towards year end.

Throughout the year, we look to ensure opportunities are being captured and ultimately, items are finalized and in place by year end.  Little moves = big $$ in many cases.  

Our motto has always been "don't skip the little stuff" when it comes to tax planning and Q4 is our final opportunity to get all the little things done! 

Our Q4 Client Check-In meetings are designed to ensure your tax strategy is fully optimized before December 31st and help you with any other tax driven decisions.

These sessions will beyond projections and focus on applying strategy.   Prior to your meeting, our team will send a short video projection outlining your estimated tax position and key areas of opportunity we see for your situation.

Here are some primers and examples of items we review, taking into account your specific situation and planning goals:

• Deduction timing and expense acceleration: review of cash vs. accrual timing strategies, prepayment of Jan/Feb, Section 179 and 168k bonus depreciation analysis
• Tax credits: review of the dozens of creditrs, including some of Anomaly's favorites: R&D Credit (IRC §41), Employer Credit for Paid Family and Medical Leave (IRC §45S), Work Opportunity Credit, energy and EV-related credits being phased out, and more.
• S corporation planning: reasonable compensation analysis, year-end payroll adjustments, owner reimbursements through accountable plans, and fringe benefit reporting (such as healthcare).
• Pass-through entity (PTE) elections: review and timing of state-level elections, deduction recognition, and SALT cap optimization.
• QBI optimization: review of Section 199A Qualified Business Income deduction thresholds, W-2 wage and UBIA testing, and aggregation opportunities if you own a couple businesses. 
• Investment and deferral planning: O&G investments, heavy equipment business investments, loss harvesting, and reinvestment strategies.
• Retirement and fringe benefits: final contributions to retirement plans (ROTH or Trad), accountable plan reimbursements, and VERY high-earner benefit optimization such as defined benefit or cash balance plan considerations.
• Entity and structural review: assessment of current entity structure for tax and growth alignment.
• & More!

 

You will receive links to schedule your meeting and, if applicable, sign up for year-end payroll assistance. 

The purpose of these sessions is to ensure every lever available to you has been identified and acted on before year-end.

Let's finish the year strong!