Tax Planning Sugar LandTwo owners and no real numbers
Here is a made-up owner and the three October choices, so you can see the shape before we look at yours.
Bring your own month
A shape, not a client.
Picture two owners. Both have a year that felt strong. Both are reading this in October. Neither of them is a client, and neither number you might be imagining is printed here, because we are not going to invent one.
The first owner already has the months closed through September. The wage for the year is still a blank. There is time to set it, to tell the provider, and to let the last payroll run on a figure someone chose. A contribution, if the closed months can carry it, can be named in the same conversation. A machine the owner has been circling can be bought in this year or left for the next one, on purpose.
The second owner has the same feeling about the year and a set of books that stopped in May. The wage was never set. Choosing a number in October and calling it the wage does not create the payroll that should have run all summer. The kind move is to say the gap out loud, price the catch-up, and refuse to decorate the return with a decision the months cannot support.
What the shape is allowed to teach.
It teaches the order. Close, then decide, then let the provider run the wage, then prepare the return from those months. It does not teach an amount. Two owners with the same revenue can leave the conversation with different answers because their months are different months.
It also teaches what we will not do. We will not put a client's real revenue on a public page. We will not claim the first owner saved a sum. We will not claim the second owner failed. One of them had a closed month. The other had a story. October can help the first one this year. It can help the second one by telling the truth.
If your year is a third shape, the form is the place to say so. Bring the last month you trust. We will tell you which of the two pictures you are closer to, and we will not force you into either one.
Which picture is closer.
No need to send figures. Send the last month you trust and the decision you wish were already made.
You will be talking to the Steven Palmieri practice.