PAUL H. GRAHAM
← All GuidesWhen should tax planning actually start relative to a big decision, not just at filing time?
Before the decision, not after. By the time a return is filed, nearly every choice that determined the tax outcome has already been made.
A sale, a large property purchase, a change in how compensation is structured: each of these creates a tax outcome that's largely locked in by the time it happens, not by the time it's reported the following spring.
Waiting until filing season to think about taxes means reacting to decisions instead of shaping them, which is the difference between minimizing a tax bill after the fact and never creating an avoidable one in the first place.
The owners who consistently keep more of what they earn treat tax planning as a year-round conversation tied to major decisions, not an annual event that happens once the year is already over.
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