Yes, only 30 days. That’s all the time you have left. Why? Today is 10/22 and Thanksgiving is 11/22. When was the last time you had a spare minute between Thanksgiving and Christmas? So, Thanksgiving is your real deadline. You’re busy so let’s hit the bullet points:
-> “Josh, you’re just trying to drum up business!” Not really. I don’t do tax work anymore. Consider this a public service announcement.
-> 2018 planning must be done in 2018. Just making sure I stress the obvious. No time machines.
-> Why does it matter? There’s a lot to consider but I can boil it down to one really big thing. Your tax entity structure has never been more critical. S corp, C corp, partnership, Schedule C?
-> You must run the numbers, ideally using commercial tax software with an expert. Pencil and paper won’t do. It’s too complex.
-> The best tax CPA I ever worked with called filing a tax return “taking out the trash.” When did he add value? In the fall – right now. Good tax CPAs are proactive; mediocre ones reactive.
A good summary of the changes is here. If you need help, please send me a message or give me a call.
Can I Help You?
Hi, I’m Josh Horn, CPA/ABV, CVA of Horn Valuation. I help with business valuations in friendly or unfriendly situations. I also help owners build valuable companies. My clients are business owners and attorneys. If you’d like more information, check out my website hornvaluation.com, email me at firstname.lastname@example.org, or call me at 217-649-8794.
I’m a licensed Certified Public Accountant (CPA) and double-credentialed in business valuation (CVA & ABV). I’ve been a tax and business consultant in a top 100 CPA firm and a controller in a large international company. I’ve also valued and been the primary advisor to multi-million dollar and small companies in various industries.
“If you’re not working on business value, who is?” Josh Horn, CPA, Certified Valuation Analyst and Accredited in Business Valuation