Your 6-Month Tax Control Checkpoint™
Six months can change a business significantly.
Revenue changes. Expenses change. Profit changes. Tax payments may—or may not—change with them.
This checkpoint helps you determine whether the assumptions you started with still fit the business you're operating today.
Don't wait until tax preparation to discover that your year changed.
START MY 6-MONTH CHECKPOINTLook at Where You Are Today
If possible, have your current business financial information available.
This checkpoint focuses on:
Profit
Tax Payments
Tax Reserves
Recordkeeping
Owner Activity
Major Changes
Upcoming Decisions
You do not need perfect numbers.
But if you repeatedly answer “Not Sure,” that itself may identify something that needs attention.
Ask Yourself One Important Question
If the next six months looked exactly like the last six months:
Would you be comfortable with where your business and tax situation would end up?
If your answer is no or I'm not sure, don't ignore that.
The purpose of Tax Control isn't to predict everything.
It's to recognize when the direction you're headed may deserve attention.
What We're Looking For
Profit vs. Payments
Has business profit changed while estimated taxes or withholding stayed the same?
Profit vs. Cash
Is the business producing profit without building an appropriate tax reserve?
Records vs. Reality
Are your books current enough to trust the numbers you're using?
Decisions Ahead
Is a major financial decision approaching that should be evaluated before you act?
Don't Try to Fix Everything at Once
Your checkpoint may identify several areas that deserve attention.
Start with the one that could create the biggest problem if ignored.
Your next step may simply be:
Getting your bookkeeping current.
Verifying tax payments.
Reviewing estimated taxes.
Protecting cash for taxes.
Organizing records.
Clarifying owner payments.
Evaluating a major transaction before completing it.
Or determining whether a separate professional service is appropriate.
One clear next step is better than ten unresolved concerns.
Call To ActionYour Checkpoint Helps Identify the Issue
Tax Control Membership™ is designed to help you maintain better year-round tax awareness and recognize issues earlier.
Some checkpoint results may indicate that individualized analysis or professional work is appropriate.
Those services are not automatically included in the membership.
If additional work is needed, Tax Control Group™ can identify the appropriate available next step before any separate engagement begins.
Keep Sensitive Information Secure
Do not enter Social Security numbers, bank-account numbers or other highly sensitive financial information into this checkpoint.
When sensitive tax or financial records are needed, use the designated secure client portal.
For general membership questions:
