I haven’t got my papers together yet. I have an accountant do them and every year I owe after paying quarterly all year long. I will probably get it together next weekend.
A very depressing, disheartening time of year. I struggle to make ends meet but my government wants more, more, more.
Close for the company ruins Christmas for me, making sure the corp taxes and payroll reports gets out ruins January and February, insurance renewals ruin March, April is killed by personal taxes and that goes on since amendments are usually required because others don’t get their finals done either.
The government pretty much ruins my whole first quarter and into the first half of the year.
After that you get to do quarterlies and then state franchise tax in May. In Texas it is a gross receipts tax... that means on every dollar that comes in the door. Can’t have an “income” tax in Texas you know. That would be unconstitutional. This is the Lone Star state after all and government is so minimal... yeah, right.
It is depressing all right. Every time I turn around there is a hand in my pocket.