I'm not sure if this is the right forum to post on but I need some help. My subchapter-S corp has done well this year but I'm looking at a huge tax bill. I'm planning to expand the business next year and hire additional staff and expect for the company to have a minimal profit or a small loss next year. I would like to reduce my tax liability this year since I expect my profits to be almost nonexistent next year. Would it be okay for me to purchase an asset for the business that would reduce my profits this year and then sell the asset next year to use for funding the business? Are there any such assets out there that fit this criteria? I'm looking for something that I can sell for the same amount that I purchase it for this year. I'm looking to put 50-200K into this. Any guidance or ideas would be very much appreciated!

-WK