12-24-2025, 08:46 PM
I'm a junior accountant at a small but growing manufacturing firm, and I've been tasked with assisting with our annual corporate tax planning for the first time. I'm familiar with compliance, but I want to contribute more strategically, especially regarding R&D tax credits and optimizing our depreciation schedules for new equipment. For those with experience in corporate tax strategy, what are the most impactful but often overlooked deductions or credits for a capital-intensive business, and how early in the fiscal year should we start this planning process to be effective?