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It's Summer?!?!

5/22/2024

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It’s Memorial Day on Monday … how did this happen?

The calendar often feels like it can play tricks on us, and this can be one of them. When it comes to business timing, the calendar flips, we worry about wrapping things up from the previous year, then it’s tax time, and things feel normal for a blink before we reach the summer.

Where does the time go?

And once we reach summer, there’s a big move toward vacations and frankly worrying a little bit less about exactly how much work is done. Many of us are already looking forward to those times with them so temptingly close and there’s nothing wrong with that.

This blog is not then going to be some plea to not tune out for the summer and instead be sure that you can stay on top of things. It is, however, going to caution that you first ensure you can afford that time off.

We talk about procrastination during the tax season because it is the time of year when it can come into sharpest focus because of imminent deadlines. Of course it is not the only time procrastination happens, however. And much like during tax season, finishing those things you have been putting off can allow you to get to a spot of comfort and relaxation.

For many, this can be easy when it comes to summertime vacations. If you earn the vast majority of your income as a W2 employee, well, just not working for a week or two (or more!) makes it easy to shut down and enjoy. For many small business owners, however, there are a lot more boxes to check and things to put in order before one can really enjoy that down time.

This is not the place to discuss what those to-do lists could include, for they can be wildly different for different businesses. A commonality, however, is that no matter what type of business you are, there is a list. And I would be willing to bet that everyone has something that they could be working on now to help get things in order even if your vacation is two months away.

Wait, doesn’t that sound so far away?

Yes, it does, but before you know it, you are going to look at the calendar, it is going to be closer than you believe, and you will wish you jumped on it sooner. 

Warmly,

Josh Bousquet
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To ensure we don't make the folks at the IRS ornery, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

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