business planningfinancial planningsuccession planningyear end tax planning

“Last Minute Planning” is Long Gone


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Video Transcription:

Hi, I’m Donna Bordeaux with Calculated Moves. Here at the end of the year we often get questions about, “Should I make these last-minute moves?” “Should I pay a bunch of expenses?” “Should I buy a new vehicle?” I want to talk to you about the structure of how we work.

First off, the last five days of the year are not the time to be doing tax planning. That time has long passed and should have been done in August, September, October. We do all of our tax planning in August and September. So you will always have all of the knowledge of what you need to do for the end of the year. If there’s anything at all, we don’t want you to stop the world and think, – “Oh my goodness, what should I do? It’s the last few days of the year? I don’t know if I should be paying down some expenses or buying more inventory.”

All of those questions are long gone and done. Okay, if you know anything about how we work, nothing is a last-minute effort. Everything is planned out so that you have a list of what it is you need to accomplish. And when it needs to be done, there are no big questions that should be answered in the last two weeks of the year.

For that matter, continue after December 10th or 15th, that everything should be on autopilot at that point, nothing left a surprise. So I hope this helps you rethink how you deal with the end of the year and with your tax planning. If you are not getting your tax planning in place in September, August area, let me know. And let’s talk about how we can change that for you. The world has come to a different place where we do planning long in advance and not just in the last three or four days of the year. I’m Donna Bordeaux with Calculated Moves.

Donna Bordeaux, CPA with Calculated Moves

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.