March 2026

Hello everybody!

Just a reminder that 2025 Extensions & 2026 1st quarter estimates are due by 4-15-26

* if you have an s corporation or multi-member LLC, those were due last month (on 3-15-26)

* see also information below for Arts tax, and reporting of Foreign Bank Accounts.

Bringing on the first employee changes everything about how a business operates. What worked as a solo act doesn't scale once someone else is on payroll expecting regular paychecks.

Tax season brings recordkeeping weaknesses into sharp focus. Receipts vanish. The mileage log gets abandoned around March. Bank statements can't be located. Credit card charges sit with no explanation.

CPAs who work with small businesses see patterns that owners often miss, which is why financial oversight from a financial expert is so critical to long-term business success. The advantage comes from volume.

Board members who join nonprofits usually do so because the mission resonates with them, not because they're eager to review financial statements. The legal responsibility for organizational finances comes with the territory anyway.