Accounting Firms Houston AlternativeBoth returns use those months
The tax return is prepared from months the bank has already matched, by Steven Palmieri, a Tax CFO, with us.
Open the return
Where the return comes from
We prepare the return from books we keep, so the figures agree with the bank. It is not a stack of guesses assembled in March. If a month is still open, that month is closed before the return uses it.
Your company return and your personal return both read those same closed months. Owner pay, a distribution, and a truck sit in one story. One figure is not told two ways.
What you decide before December
A decision before the year ends can still change what the return will show. Waiting until the books are frozen is how a quiet choice becomes a surprise. While the year is still open we will mark the choices that can still move, and we will mark the ones the calendar has already shut.
A lower bill, a refund, or any particular outcome is not something these pages offer. The work is to make the return agree with the books, and to let you see the year while a choice can still matter.
What the close has to finish first
Reconciliations come before the return. A lender copy of the statements can be prepared from the same close. That copy is a reading of the books. It is not a signed report. The Disclosures page says which signatures go to a firm that can sign them.
If last year was messy, the cleanup ends when the books and the filed returns agree. We do not keep rebuilding a year you already filed unless those two still fight each other.
Three places one year can live
A year can sit in the software, in the filed return, and on the paper you still have in a folder. When those three disagree, bring the mismatch before anyone reopens a year that was already sent. We look at which one the bank supports.
The software keeps changing. The filed return froze on the day it went out. The paper is whatever you saved. We do not treat those three as the same number until the bank says which one is real.
Dates the federal return does not file
May is when the Texas franchise report has to be filed. The Harris County business property list usually goes to the Harris Central Appraisal District in April, and a written request can move it to May. Sending the federal return does not file the list or the franchise report.
We are all Texans, and the Offshore Technology Conference has brought the energy crowd to Houston in early May since 1969. A company working that week can have a loud May and still owe the franchise report in the same month. We will say which of those dates are yours. A company with no Texas margin, or with property outside Harris County, is not handed a date it does not have.
How you hand us the year
Bring the last return, the months you trust, and the questions you have been saving. We will say what is missing. You do not need a folder of every receipt on the first call.
If payroll still needs a provider, that setup stays a setup. You run payday. The wages that provider already paid are what the return uses, once they match the books.
The year ahead is easier when each month is already closed. That is the plan. The return is the reading of it.
Send the year.
Say whether the return is still open, and which month you trust.
You will be talking to the Steven Palmieri practice.