What tax moves should a business owner consider before year-end?

Big expenses are one that every CPA should and usually does mention as an option. Profit-sharing can be another option that offers some great flexibility on scale, while also helping with employee retention. Both of these options can be pretty simple to implement and can offer tons of savings.
For most of the owners we work with, maxing out or contributing heavily to retirement plans is a simple way to lower taxes while better achieving their goals. We are also looking at gifting for anyone whether or not they are a business owner. Gifting also has some components that can make it valuable for year-end even if there are not immediate tax incentives.
While some decisions like profit-sharing have to wait until year-end, it can be helpful to plan ahead mid-year. This can make an already stressful time easier to get through so that you can fully enjoy the holiday season.