Ah, tax season. That magical time of year when "I'll do it tomorrow" becomes a mantra more repeated than any New Year's resolution. But what if I told you that this year, stretching out the tax filing drama could actually be your smartest move? Yes, you heard it right; extending your tax returns is becoming as trendy as avocado toast among studio owners, entrepreneurs, and the powerhouse women leading them.
Picture this: It's April 14th, the clock is ticking menacingly, and you're staring at a pile of receipts wondering if coffee can be claimed as a business expense for the fifth time this week. Panic sets in—do accountants even sleep during April? Spoiler alert: They don't. And with many of them either hiking up their prices or quitting the tax tango altogether, it's time to consider the illustrious tax extension.
Filing an extension is like RSVPing "maybe" to an event you're not sure you want to attend—except this party involves less small talk and more strategic financial decisions. Here's why being late to the tax party is suddenly in vogue:
Before you start planning your tax extension party, remember this crucial accessory—your tax payment. It's like the invite to the party; without it, you're not really participating. Payments are still due by April 15th, so estimate generously to avoid penalty fees. And don't use this extra time to binge-watch another series; summer is the perfect season for tax review, giving you ample time to adjust to any legislative plot twists.
For the dynamic entrepreneurs and studio owners sculpting businesses that are meant to sparkle, "Extending Your Tax Returns is a New Must" isn't just advice; it's a strategic move towards financial empowerment. PYOP accounting is not just preaching the gospel of extensions; we're here to guide you through it, ensuring your business isn’t just surviving tax season but thriving beyond it.
Because, after all, who said tax season couldn't be fashionable? Grab your financial statements (and maybe a glass of something strong), and let’s turn this tax runway into a victory lap.
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Donna Bordeaux, CPA with PYOPAccounting.com
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.
