S-Corp Tax Planning: Ordinary, Necessary, and Commonly Missed Opportunities

S-corp owners often ask what they can write off. The real opportunity lies in understanding what’s ordinary and necessary for your industry.

Ordinary and Necessary Is Contextual

What’s reasonable for one business may not be for another. Industry norms matter.

Underutilized Opportunities

Many S-corp owners overlook:

• properly documented board meetings

• medical expense reimbursement plans (MERPs)

• proactive compensation planning

The biggest missed opportunity isn’t a single deduction—it’s lack of planning.

Tax strategy works best when it’s intentional and proactive, not rushed at filing time.

If you’re ready to plan ahead instead of reacting later, now is the time to start.