Financial Design Co

The number of people who file an extension and then don't look at their taxes again until October 14th is waaay too high.

I'm not judging, here's what I'd recommend that everyone do between NOW and October:

Make a list of any missing tax documents. If you're a Financial Design Co client and you've already uploaded a lot, we can let you know what we're still missing.

Make sure you've paid what you owe (an extension doesn't give you more time to pay, just to file your return).

If you don't have a plan to get your return filed, reach out to Financial Design Co to schedule a new client call!

My answer to this is *almost* always yes!

I've worked with a lot of taxpayers who have fallen behind on their taxes.

We'll start by getting your past tax returns filed and addressing any notices you've received. Then, we'll set up systems to make sure you never end up behind on your taxes again.

Being just two years behind is very manageable. The best thing you can do right now is not get any further behind!

Penalties + interest can stack up until you file and pay your taxes, so the sooner we start working together, the better.

If this is you, click the link in my bio to book a call and start getting back on track with your taxes today!

Filing an extension is step one! 1️⃣

Step two is the one most people overlook...

It's NOT acting like October is way in the future and hoping your return magically gets easier to file by then.
Your tax documents aren't going to gather themselves!

If you extended your return because you didn't have everything ready to file, here's what you need to do:
→ Make a list of all of your missing tax documents. If you need to follow up with someone to get these, start doing it now!
→ If you own a business and your bookkeeping was what held up your return, make a plan to get it caught up.

Do you need to sit down over a few weekends and get it done? Or do you need to bring in a bookkeeper? 📚

Whatever you do, I'm begging you, please don't wait until October to start worrying about your taxes again!

Getting paid in crypto is cool, but there's one big thing that gets forgotten in the hype of checking your Coinbase account... TAXES!

If your business got paid in Bitcoin, Ethereum, or any other cryptocurrency last year, your tax accountant needs to know about it.

The government treats crypto kind of like property, which means when you receive it as income, trade it, or sell it, it can be a taxable event.

You (or your accountant) have to track your cost basis, calculate gains/losses, and make sure it all gets reported right on your tax return.

Fun, right?

So, if you dipped your toe into the crypto world last year, let's chat. We'll get you sorted + in compliance in no time!