Hey guys, I have a small business that I’m looking to limit my tax liability for when I take my payment at the end of the year. What are some ways that I can invest or take payment in ways that would be beneficial for myself long term?

Some details:

S-Corp

+/- $30k income to be paid out in “other income” or used somehow

Will most likely keep the business another year or so before it loses profitability

I’m the only employee. Don’t own my own home, married with a child.

Any creative ideas would be great. Thanks!