Hey everyone, I’m Cindy, the Tax Manager here at Bette Hochberger, CPA, CGMA. I wanted to come on here and discuss a couple upcoming deadlines. The calendar is inching closer to September 15th, a significant date for both tax matters and financial responsibility. 

I’m here to remind you of the impending tax extension deadline and the quarterly estimated tax payments due on that day. Your proactive action can pave the way for a smoother financial future. So, why do these deadlines matter and why is taking action now important? Well, keep reading!

Tax Extension Deadline – September 15th:

If you filed for a tax extension earlier this year, the September 15th deadline marks promptly, you avoid potential penalties and ensure your financial records are up to date. Delaying further only adds unnecessary stress and could result in additional financial burdens.

Quarterly Estimated Tax Payments – September 15th:

September 15th is not just about extensions; it’s also a quarterly milestone for self-employed individuals and those with additional income sources. Quarterly estimated tax payments are due, reflecting a portion of your annual tax liability. Meeting these deadlines demonstrates your responsible financial stewardship and helps prevent a larger tax bill that may come in April! You can make your payments to the IRS here. 

Why Prompt Action Matters:

  • Avoid Penalties: Missing the tax extension deadline could lead to penalties, increasing your overall tax liability. Timely submission ensures compliance and peace of mind.
  • Maintain Financial Health: Meeting the quarterly estimated tax payment deadline helps you budget effectively and prevents a significant tax burden at year-end.
  • Organized Records: Filing your extended return promptly allows you to keep accurate financial records and streamline your financial planning.
  • Peace of Mind: Proactive tax management minimizes stress and sets you on a path toward a more secure financial future.

September 15th is a dual deadline – a chance to finalize your extended tax return and a quarterly checkpoint for estimated tax payments.I encourage you to seize this opportunity and take control of your financial responsibilities. By meeting these deadlines, you lay the foundation for a more stable and prosperous financial journey. 

Remember, I’m here to assist you, ensuring your compliance and guiding you toward financial success. Schedule a meeting with me or Bette today if you are looking for help with your extension.

I’ll see you all next time!