For many small business owners, thinking about taxes occurs only twice a year: when returns are being prepared, and at the end of the year. This is a mistake. Small businesses should be thinking about their taxes year-round.
With half of 2017 over, now is a great time to assess where you stand and to take action that will be helpful to your 2017 tax bill. Take action on a few of these mid-year tax planning strategies for your business: