“The best things about October!”

Rick Walter, CPA
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October is a great month. Ripe with exciting holidays such as Columbus Day and United Nations Day. Did I forget Halloween?

Halloween is such a fun event. Who doesn’t have childhood memories of going house to house with your pillow case and coming back with enough candy to last until Xmas.

The ups and downs of this celebration are really remarkable. I can still remember the year where my mom told me I was too old to go trick or treating. This was way before any stores or malls were handing out candy. I argued with her all day!

And then there were the years where my kids enjoyed Halloween. Helping them pick out costumes—walking them door to door— sorting through their candy to determine what was safe (and what was mine). In addition to the trick or treating, there was the fun of deco- rating your house and yard with witches, black cats, pumpkins and spider webs.

There are other good things about October. From a tax perspective, October signals an end to filing individual income tax returns— at least timely filing of them.

Our office does 200 to 300 returns during those 15 days in October (17 days this year). We get them prepared and hope there is no tax due. Many of our clients still believe that if they have an extension, they don’t have to pay their tax until Oct. 15th. Not true! Any tax paid after April 15th incurs an interest and penalty charge—definitely a Trick and not a Treat.

October is a good month to wear Orange. In fact, I am wearing my Tennessee Volunteers golf shirt right now and my staff tells me that I could be spotted from space with this shirt on.

I think that wraps up October—sure hope I didn’t miss something important like the anniversary of Stephanie and my first date!!

Don’t forget that we are moving offices at the end of the year. I’m sure we will fire off many emails and newsletters about our new location. Speaking of fire, October is Fire Prevention month so make sure you have a fire extinguisher in your house!

Thanks for listening and I will talk at you again.

Author: Rick Walter, CPA

Rick Walter brings over 25 years of professional tax and accounting experience to Hutchinson & Walter. Specializing in small to mid-size business entities and start up organizations, Rick brings a deep understanding of the unique tax compliance and accounting issues specific to those entities.

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