Consider using a tax strategy similar to that of a large corporation. We've all read about how GE paid no taxes or how Apple paid almost nothing. Now I'm not suggesting that you set up off shore business ventures and funnel money away from America, but I am suggesting that you should seek tax advise from the best tax attorneys and tax specialists that have Master and Doctoral degrees in tax. That's what big business does and their tax rates are typically lower than a small or medium size business.
Using Section 179's accelerated Depreciation
Deferring deposits until January
Buying more stuff this year for use next year
Paying expenses in advance
The obvious problem with these types of strategies are that they are only good for one year. When next year draw to an end, you are faced with the same challenges, how to show as little income as possible to minimize the amount of taxes paid. We take a different approach.
As a business owner you probably know all to well how you are caught in the middle. You get taxed in business and then as an individual. Your CPA has probably already showed you the most obvious tax deferral techniques. Here's a few just in case you need them:
*This is not a guarantee, but does reflect an average reduction of tax burden of clients served