The year is almost over, but there’s still time to take actions that can reduce your 2022 tax bill. The first thing is to meet with your CPA or other tax adviser.
Last-Minute Tax Actions for 2022
Consider discussing the following with your tax adviser:
Buy needed equipment
If your equipment is old, repairing it may not be the best option. Consider buying new equipment, which likely has better features and uses less energy—a cost savings and good for the planet.