Houston Business Tax Advisor | A plan while the year is open

Houston Business Tax Advisor A plan while the year is open

October is the month that can still move your return. We keep the books closed to the bank each month, and while the year is open we decide owner pay, the S election, the big purchase and the estimate with you, not after. Steven Palmieri, the Tax CFO owners call the Entrepreneur's CFO, sits in those four choices with you while October can still move.

See the open year

Ask about the open year

The practice is in Dallas.

You will be talking to the Steven Palmieri practice.

The words houston business tax advisor finish typing, then a calendar turns from July to October and a gold pen writes the four open choices.

The Tax CFO way with an open year starts by reading the closed months before the choices lock.

A tax advisor tells you what to do with the year once it is over. The Tax CFO sits inside the year. In October we read the closed months and decide owner pay, the estimate and the election while they still count. The advisor counts what happened. The Tax CFO decides what happens next.

A grey column counts what happened, and a taller gold column decides what happens next.

The month is still open

We close it to the bank before the return uses a single figure from it.

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The return waits on the close

We prepare the return from months you already trust, not from a guess.

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What can still be decided

Owner pay, the estimate, a purchase, an election. Four choices, one call, before the year locks.

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Six parts of an open year

1Month still open
We keep six pieces of an open year in view until the bank agrees with each one. We tie that month to the bank before anyone drafts a number for the year.
2October still moving
A few choices can still be made before the year locks, and we name which ones on a call.
3Owner pay feels off
Pay is a conversation about the work you do. The figure comes from that week's tasks and from what the company can fund.
4S election date
We read the form for that year. The usual window is two months and 15 days after the year starts, or during the prior year.
5May franchise report
The franchise report is due in May, and May is loud in Houston. The books still have to be closed through the period the form asks for.
6Return not started
The return starts only after those closed months already match the bank statement.

Open the year

Lightning over rooftops, with a construction crane in the frame.

Rates a register collects

Harris County sales tax is state, city, and transit, each on its own line.

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Steven Palmieri

Tax CFO and the Entrepreneur's CFO.

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Handwritten figures in a spiral notebook.

October can still move

A few choices are still yours before the year locks. We name them in plain words.

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Buffalo Bayou Park near downtown Houston

What we share with you, then the work

Allen's Landing is the south bank of Buffalo Bayou where White Oak Bayou comes in, the spot Texans mark as the birthplace. We share that story with you, then we turn to the year the company actually began, because a return follows the start date and a plaque does not.

In 1969 Percy Creuzot Jr. opened Frenchy's, and the Creole chicken has stayed on that menu, a plate Texans can picture without a photo. Sharing that appetite, we then ask whether the pay the owner takes still matches the work the owner does.

Daikin Park opened in 2000 and has worn more than one name, and a night under that roof is something Texans can share. You enjoy the game. We look at a building whose name changed and we check whether the books still carry the old one.

The 2015 trail between Allen Parkway and Memorial Drive, from Shepherd Drive to Sabine Street, is Buffalo Bayou Park. We can share that walk with you. Before a month enters the return, the books still have to show what that year cost the company.

We are all Texans. The practice sits in Dallas, and owners in Houston meet us by video with the October list open, which is owner pay, the estimate, the purchase, and the election.

How a month becomes a return

Nobody drafts the return until the month already matches the bank, line for line. A plan for the year is a conversation while the months are still open. Those pieces are the month that is still loose, October while it can still move, the pay you take, the date of an S election, the May franchise report, and a return that has not started. The months we close are the only months the return is allowed to use.

We treat a month as closed only after the bank statement, the card charges, and the unpaid bills tell one story. A difference gets written down rather than waved through. A month that is still loose carries a note naming the open items. We would rather wait than dress the month up so the return can begin early.

The provider you already operate is where payroll is arranged, and payday stays in your hands. After wages post, those figures come back into the close. The books that receive them are the base the return is drafted from.

Statements and reports come after the close. They are for you, for a lender who wants to read, and for the return. Anything that has to be signed as an audit, a review, or a compilation is a separate kind of job. The disclosures page is where we send that request.

Use the footer number when you want to talk, and use the form when you would rather write. Both reach Steven Palmieri, the Tax CFO, and we look at the month that is still open with you. There is not a second number hiding somewhere else on this site. The first talk is 30 minutes, and the talk itself does not hire anyone.

What the first conversation covers

Bring the last month you trust and say what you want decided before the year ends. We will say whether the books can carry a return, whether pay needs a conversation, and whether an S election date is still open for that year.

Sometimes the fair reply is that the books are already in good shape and you do not need this practice yet, and we will say that out loud. The whole first talk is 30 minutes, and nothing is hired by it. Hiring happens only after a letter, signed by both sides, names the months, the fee, and what is in scope.

Open

Ask about the open year

Tell us which month you already trust and what you still want decided.

You will be talking to the Steven Palmieri practice.

Houston tax advisor? Read the October number.

What should this fall settle?

How is the company set up?

What is the October figure built on?

Which choice is still yours?

Your free October number check can start. Where should we reach you?