Tax & Surf Quarterly – Gillingham CPA – Q3 2015

Are you ready for September 15th? It has been HOT out in the Bay Area and so is this tax deadline.


We have:

Q3 Estimates, Corporate, and LLC deadlines for all you extended filers out there.

*For all extended individual and sole-member LLCs, I need everything 9/30 to ensure timely filing*

This is a good time to be evaluating your business, career, and tax life. Far less abstractly and directed to my wonderful clients, “Pay your taxes.” Third quarter taxes for the self-employed and anyone else in that boat, are due 9/15. As summer memories start to archive, it is time to start chopping metaphorical wood for the winter – It is the perfect time to plan. The compliance work is done, you know what needs to get paid, and now it is time to look forward. Any big financial changes should be addressed now to avoid penalties, fees, and cash-flow crunches. What are some things sophisticated clients are doing this time of year?


For the equity compensated employee:

-Maxing out workplace retirement plans

-Strategizing now for potential job changes

-Reviewing stock options and potential tax reducing elections

-Reviewing existing portfolios and planning ahead for any sales

-Planning for major purchases and goals

-Reviewing tax withholding

-Ready for major life changes with financial impact: marriage, kids, moves, and new ventures


For the self-employed business owner:

-Making estimated tax payments and savings

-Projecting cash flow for expansion

-Considering any entity decision making far in advance

-Planning for growth and strategy with potential returns

-Performing various retirement planning and implementations

-Confirming health insurance coverage

Gillingham CPA has a relatively simple philosophy: “Value Added.” As addressed in Gillingham’s Hierarchy of Client Needs, we want to go beyond just a tax return. First comes the compliance work of accounting, return filings, and estimated tax payments. This establishes the base of the pyramid of “Tax & Accounting” so that we may then continue onto “Plan” and then “Advise.” This process should help to improve your tax and financial related life, so that you can work towards any other business, career, and personal goals.

Please reach out to me directly if you have any questions. John at GillinghamCPA dot Com.

Surf Report: Ocean Beach has started to bear fruits of the fall just this week. Santa Cruz has continued to be a solid and sunny wave machine. The winter time is always special for California surf and may bring on some interesting weather patterns.

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