5 Year-End Tax Tips for Tulsa Small Businesses (2025 Guide)

5 Year-End Tax Tips for Tulsa Small Businesses (2025 Guide)

As 2025 winds down, Tulsa small business owners have a golden opportunity to lock in tax savings before the year closes. With new provisions from the “One Big Beautiful Bill Act” now in effect, November is the perfect time to take action. These five strategies can help you reduce your tax burden, stay compliant, and start 2026 with clarity.

1. Claim the Permanent 20% QBI Deduction
Sole proprietors, S corps, and partnerships now qualify for a permanent 20% deduction on qualified business income. Even modest QBI earns a new inflation-adjusted minimum deduction of at least $400. This is a great time to review your income structure and ensure you’re maximizing this benefit. Learn more from the IRS.

2. Deduct 100% of Research & Experimental Expenses
If your business earns under $31M annually and invests in software, product development, or internal systems, you can now deduct those expenses immediately — even retroactively for 2022–2024. This change is especially helpful for startups and service-based businesses investing in automation or client tools. IRS Publication 946 provides more details.

3. Maximize Section 179 Expensing
The Section 179 limit has doubled to $2.5M. That means you can fully deduct qualifying equipment, software, and upgrades purchased before December 31. If you’ve been considering a tech refresh or office improvements, this is the time to act. We break this down further in our bookkeeping services section.

4. Use Timing Strategies for Pass-Through Entities
If you expect to be in a lower tax bracket next year, consider deferring income and accelerating expenses. If next year’s bracket will be higher, reverse the strategy. These timing moves can make a significant difference for LLCs, partnerships, and sole proprietors. We cover this in more detail during tax planning consults.

5. Prepare for Digital Filing Requirements
Starting this year, businesses filing 10 or more returns (W-2s, 1099s, etc.) must file electronically. If your systems aren’t ready, November is the time to get compliant and avoid penalties. IRS e-file guidance outlines the new rules.

For more year-end guidance, visit our News & Information hub or schedule a consult with our Tulsa team.