Why Have We Abandoned Thanksgiving?

Rick Walter, CPA
Latest posts by Rick Walter, CPA (see all)

You’re asking yourself… “what does this have to do with taxes?”

After watching Saturday Night Live (SNL) last week, I was reminded of how quickly we move from Halloween to Christmas and just bypass Thanksgiving. You take down the scary spiders and the pumpkins and you put up the lights and the tree. It’s true, I know of many friends that are already good to go on their decorations.

It reminds me of how many clients tend to forget tax planning. They move from income earning to taxes paying and never stop and give thanks for the really smart CPA’s who want to help them keep the income they earn.

Time is your enemy—once the year is over, there are very few significant tax planning techniques available. We can still come up with some ideas to shave a few dollars off the final bill but we do our best heavy lifting in November and December.

On this holiday season, find the time to give thanks—not for a bountiful harvest—as was the case in the olden days, but for all those people around you that have given you or your loved ones a helping hand.

At the same time, give some thought to the overlooked “holiday” of tax planning.

Thanksgiving is one of my family’s favorite holidays—we invite people into our home to enjoy the day with us. My beautiful wife cooks all day, we watch football, have a feast—and we acknowledge our blessings.

So Happy Thanksgiving from all of us at Hutchinson & Walter. We appreciate your business and we try very hard to give you the best service we can. Stop by during the next six weeks just to say hello and if there is something going on in your tax life that we can help with, that is what we are here for.

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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