The third quarter is closing fast. Here's your checklist for estimated tax payments, payroll reconciliation, and year-end planning moves you can make right now.
Q3 Estimated Tax Payment Due September 16
If you're self-employed or have significant non-wage income, your third-quarter estimated tax payment was due September 16. If you missed it, don't panic — but do pay as soon as possible to minimize the underpayment penalty. The IRS calculates penalties daily, so every day counts. Contact our office and we can calculate exactly what you owe and help you avoid surprises at filing time.
Payroll Reconciliation: Do It Now, Not in January
One of the most common headaches we see every January is payroll records that don't match the books. Take 30 minutes this month to reconcile your payroll register against your general ledger. Verify that all employee withholdings, employer taxes, and benefit deductions are recorded correctly. Catching discrepancies now saves hours of cleanup — and potential penalties — when W-2s are due.
Year-End Tax Planning Starts Now
October through December is the most powerful window for tax planning. Strategies like accelerating deductions, deferring income, maximizing retirement contributions, and purchasing business equipment under Section 179 all require action before December 31. Schedule your year-end planning session with us now — our calendar fills up fast in November.
From the Firm
We're excited to welcome several new partners to the McCloud & Associates Partner Network this quarter. Our network now spans real estate, insurance, legal, and financial services across Oklahoma and Texas. If you need a trusted referral in any of these categories, reach out — we're happy to make the introduction.