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Year-End Tax Moves NJ | 10 Last-Minute Actions That Actually Matter

Year-End Tax Moves NJ — Make December Count

Even if the year’s almost over, there’s still time to take smart year-end tax moves NJ business owners rely on. Here are ten that actually make an impact before December 31.


Top 10 Year-End Tax Moves for NJ Businesses

  1. Prepay January expenses to increase deductions this year.

  2. Defer income if cash flow allows.

  3. Buy qualifying equipment to claim Section 179 or bonus depreciation.

  4. Contribute to retirement plans (SEP IRA, Solo 401(k)).

  5. Review payroll and bonuses before the final run.

  6. Catch up on bookkeeping to ensure accurate filings.

  7. Donate to local charities (with receipts).

  8. Pay outstanding vendor invoices before year-end.

  9. Collect outstanding A/R to clean up cash flow.

  10. Meet with your CPA to review estimated taxes and projections.


NJ small business owner meeting with CPA to plan year-end tax moves

CPA Tip:

These year-end tax moves NJ depend on your cash flow, profitability, and tax bracket. Always run the numbers with your CPA advisory team before executing.


Make Every Day Before December 31 Count

Need help identifying the right strategies for your business?

Book a Free Consultation → with Gregory Monaco, CPA LLC for personalized tax planning and bookkeeping services before year-end.

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