As summer winds down, business owners across the U.S. are facing mid-year challenges and opportunities. August is the perfect time to revisit your tax and financial strategies to avoid surprises later in 2025.

At Beri CPA LLC, we provide nationwide tax and accounting solutions designed to keep you ahead of the curve. Here are 7 things you should act on this August:

1. Mid-Year Tax Review

Now is the time to evaluate your income, deductions, and withholdings. Adjusting mid-year can help prevent underpayment penalties and unexpected tax bills.

2. Plan for Quarterly Estimated Taxes

The Q3 estimated tax deadline (September 15) is coming fast. Preparing in August ensures you have cash flow ready and avoid IRS penalties.

3. Leverage Energy & Green Credits

With the latest IRS guidance on energy incentives, businesses investing in solar, EV fleets, or energy-efficient equipment can claim bigger credits. Don’t wait until year-end to document eligibility.

4. Catch Up on Bookkeeping

Messy records now = stress later. August is the perfect month to reconcile accounts, categorize expenses, and clean up your books before fall.

5. Review Employee Benefits & Retirement Contributions

Consider increasing retirement contributions for yourself or employees. Plans like SEP IRA or Solo 401(k) not only build long-term wealth but also lower taxable income.

6. Monitor IRS Updates Closely

From new compliance programs to feedback on free filing initiatives, IRS updates are rolling out this month. Staying informed helps your business stay compliant.

7. Schedule a CPA Consultation

The smartest move? Talk to a tax advisor before deadlines hit. At Beri CPA LLC, we offer virtual consultations nationwide—helping business owners from Houston to New York plan smarter and save more.

📌 Take the Next Step

Don’t wait until the last minute—August is your opportunity to get ahead.

👉 Contact Beri CPA LLC today for a mid-year tax strategy review.

📞 Call Now: +1 516-498-7054
🌐 Visit: www.bericpa.com