As the end of Q3 approaches, many entrepreneurs shift their attention from vacation season to business season, making September a good time to refocus and prepare for a productive fourth quarter. Whether you’re a solo entrepreneur or managing a growing business, now is the perfect time to assess your financial health, fine-tune your strategies, and set yourself up for a strong year-end finish.

Cash Flow Forecasting for Year-End Clarity

Understanding your cash position as we head into Q4 is essential. Review your income and expenses from previous months and project anticipated revenue and spending for the rest of the year. This allows you to proactively address potential shortfalls or plan for new investments before year-end deadlines.

Consider:

• Refine revenue and expenses
• Setting aside cash for tax liabilities
• Allocating resources for growth or equipment purchases

If you haven’t updated your cash flow model since the start of the year, now is the time.

SEP IRA and Solo 401(k) Planning

Self-employed individuals and small business owners should evaluate if they’re on track with retirement contributions. SEP IRAs and Solo 401(k)s offer powerful, tax-advantaged ways to build wealth. Contributing before the end of the year also helps reduce your taxable income.

For 2025:

• SEP IRA contributions can be up to 25% of compensation, up to $70,000.
• Solo 401(k)s allow employee deferrals up to $23,500, plus employer profit sharing contributions, with enhanced catch-up options for those 50+.
• Super Catch-Up Limits allows individuals ages 60-63 to contribute $11,250 to their 401(k), 403(b) or governmental 457(b) plans.

Starting or funding these plans before Q4 gives you flexibility and maximizes potential benefits.

Business Succession and Insurance Plans

Q4 planning is about more than dollars and cents—it’s about preparing for the unexpected. If you haven’t reviewed your business succession plan or buy-sell agreement recently, this is a great opportunity. Changes in your business value, structure, or key personnel may require updates.

Likewise, ensure that your business is properly protected by:

• Reviewing life and disability insurance tied to your business
• Confirming that policies align with your current risks and valuation
• Evaluating key person insurance if you’ve added critical team members

A well-prepared business plan includes both growth and protection strategies.

We’re here to ensure your financial strategy supports both your short-term needs and long-term success.

If you have any questions, feel free to give us a call!

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This material is prepared by BCA Private Wealth for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation or any particular security, strategy, or investment product.

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