Arlington Business CPA AlternativeCPA Arlington. What October can still change.
October is the last month several doors still open. The calendar question sits right beside the books. By October you can see the year, and a few doors are still open if someone is willing to walk through them with you.
See October
Choices that expire with the year
A retirement plan for a shop with one owner can often still be set up late, and the contribution follows the profit on the books. If the books are a guess, the contribution is a guess. A retirement amount chosen against an open October is a number this practice will not defend, so the month is finished before anyone picks that amount. Owner pay on an S corporation is the same kind of choice. Wait until the return is being typed and you are describing history.
Estimates are the other door. A safe plan uses this year's profit, not a photocopy of last April's bill. If a big weekend is still on the schedule, the estimate can respect it. If the plant is between releases, the estimate can respect that too. We would rather adjust in October than explain a penalty in April.
The month that can still move
People say planning and mean a slogan. We mean a list. What can be funded. What can be delayed. What equipment is a repair and what is a new asset that belongs on a longer life. None of that is a trick. It is timing, and timing has a last day.
Pumpkin Nights at Howell Farms sets thousands of carved pumpkins along a trail once the evenings cool. We like that first cool walk as much as anyone who goes. It is also a reminder that the year has a season left, and the books should already be telling the truth before the lights go up.
What we will not invent in that meeting
We will not promise a refund. A savings figure that did not come out of your closed months is a figure we will not say on that call. We will tell you which doors are still open and which ones closed last December. If a door needs a form, we name the form. If it needs an attest report, we name that limit and send you to someone who can sign it. The month of the cool walk is still a month that has to close before those doors shut.
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Tell us which choice you think is still open.
Name an October door
You will be talking to the Steven Palmieri practice.