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Guide · Year-end planning
Most tax savings require action before the year ends. Use this checklist with your advisor in the fall, while there is still time to act.
Serving United States, Virginia, Washington, DC, Maryland.
What we handle
Project the year's profit and decide on owner salary, bonuses and distributions. Confirm retirement plan contributions and whether a new plan, such as a cash balance plan, should be adopted. Time purchases of equipment and vehicles so they are placed in service before year end if you want the deduction this year, and review whether the state pass-through entity tax election makes sense.
For individuals, review estimated tax payments against safe harbors, harvest capital losses, make charitable gifts of appreciated stock or fund a donor-advised fund, use annual exclusion gifts, and check required minimum distributions and Roth conversion opportunities.
Speak with an advisorWhere we help
Equipment must be in service by year end to deduct it this year.
Gifts must be completed by year end to count this year.
Trades must settle in the year to count, and wash sale rules apply.
Final estimated payment for the prior year is due.
Our approach
A senior advisor reviews your facts and documents.
Scope, fees and timeline in an engagement letter.
Returns, elections and forms prepared and reviewed.
IRS contact and planning all year.
Questions
If your question isn't here, call (703) 880-8412 and you'll reach a person.
October or November is best, with a mid-year check-in for businesses with changing results.
Only if it is placed in service by December 31 and the deduction is worth more than keeping the cash.
Accelerating deductions, funding retirement plans and charitable gifts this year can help.
Many plans can be adopted up to the tax return due date, but some deadlines are December 31. We confirm yours.
Latest updates
Authorized representatives can now make balance-due, amended return, extension, proposed assessment and federal tax deposit payments for business clients online. Appropriate authorization for the client and tax matter is required.
Source: IRS (IR-2026-134)
For 2027 the joint-return standard deduction rises to $33,200, the estate tax basic exclusion to $15,480,000, the annual gift exclusion to $20,000 and the Section 179 expensing limit to $2,640,000. Our advisors recommend revisiting year-end gifting and equipment purchase plans with these figures in mind.
Source: IRS (IR-2026-133)
All 6,576 nominated census tracts, including 2,594 rural tracts eligible for enhanced benefits, become Opportunity Zones on January 1, 2027 for ten years. Investors with capital gains should review the new map before committing funds.
Source: IRS (IR-2026-132)
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Tell us what you're facing. A senior advisor will reply within one business day with a clear next step.