Every fall, we get the same question from smart business owners and professionals:

“Is it too late to start tax planning for this year?”

The short answer: no — it’s not too late.
But the longer answer is that it depends on what you want to accomplish — and how fast we move.

At Polaris Tax & Accounting, we work with clients throughout Sunrise, FL and across the country to deliver proactive, last-quarter strategies that make a real difference — even if you didn’t plan ahead earlier in the year.

Here’s what’s still possible — and when it is too late.

The Ideal Time to Start Tax Planning

Ideally, tax planning starts in Q1 or Q2, when you have a full year to implement strategies like:

  • Entity formation

  • Compensation planning

  • Quarterly tax adjustments

  • Retirement contributions with longer lead time

  • Strategic deferrals or accelerations

But even if it’s Q3 or Q4, there’s still plenty we can do.

What Can Still Be Done Late in the Year

Even if the calendar says October or November, here’s what’s often still on the table:

Compensation Adjustments (S-Corps)

We can review salary vs. distributions and ensure you’re on track for a reasonable comp. If needed, adjustments can still be made before December 31.

Accountable Plans

You can implement a plan to reimburse yourself for home office, phone, mileage, and other business expenses — tax-free — with retroactive eligibility for the current year.

Augusta Rule Strategy

As long as you’ve hosted valid business meetings in your home, you can take advantage of this tax-free rental income opportunity before year-end.

Retirement Contributions

Depending on your entity structure:

  • Solo 401(k) employee deferrals must be made before December 31.

  • Employer contributions can often be made through your tax filing deadline.

We’ll help map out what’s still possible and how to structure contributions.

Year-End Spending & Deferrals

Strategically incur deductible business expenses now and defer revenue where allowed — reducing your taxable income for the year.

Tax Projections & Estimates

Even if nothing else, a Q4 tax projection can help you:

  • Avoid underpayment penalties

  • Plan your final estimated payment

  • Strategically manage cash flow and taxes

When It Is Too Late

Once January arrives and the year has closed, most tax planning becomes tax filing — reactive rather than proactive. At that point, your options are limited to:

  • IRA contributions

  • SEP IRA for sole proprietors or late filers

  • Cleanup of prior records, but no new 2025 deductions

So, if you’re reading this now — and we’re still in the current tax year — you’re not too late.

What Makes Our Process Different

While some firms only offer “tax planning” to their wealthiest clients, we’ve built a model that works for:

  • S-Corp owners

  • Consultants and freelancers

  • Six-figure earners

  • Real estate investors

Our affordable tax planning in Sunrise, FL is transparent, accessible, and built for people who want smarter results — no million-dollar net worth required.

Use Our Tax Strategy Finder for Instant Insights

If you’re unsure what’s still possible this year, try our Tax Strategy Finder Tool.
In under two minutes, you’ll see which opportunities you might still be eligible for — then we’ll help you act on them before the clock runs out.

Let’s Take Action — Before Year-End

We still have time to reduce your tax bill — but only if we get started now.

📍 Sunrise, FL and serving clients nationwide
📞 Call us at 704‑947‑3178
📅 Schedule your strategy session

Explore what’s still possible through affordable tax planning in Sunrise, FL and end the year with clarity and confidence.