Professional Equities, INC - February 2020

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January is over, along with the hustle and stress of shopping for the holidays, sending out W-2s, and preparing for the year’s close. But for some business owners, the shortest month of the year isn’t a time for celebrating. With festive decorations put away and no holidays to anticipate, customers and clients may be feeling the gloom of winter. Many may also be holding their wallets a little closer as they recover from the December spending purge. To top it off, tax season is in full swing, but this year, you have 29 days to make February count. MAKE THE MOST OF FEBRUARY Why the Shortest Month Is the Hardest for Business Owners STAY AHEAD There’s an old saying about only two guarantees in life: death and taxes. You know tax season is around the corner and your books are up for an intense examination to close out the year. Tax Day, April 15, 2020, and the filing deadline for S corporations, March 15, 2020, will be here before you know it, but if you prepare now, you can enjoy a steady and easy spring. January was the perfect time to wind down from the holidays, collect your plans, and ensure your employees have what they need to file taxes. Now, devote February to compiling everything you need for a successful tax season, and ensure all your employees’ tax documents were filed and sent out correctly. How do you do it?

Bill’s Ennis Chamber presentation

What do insiders know about demand for recreational vehicle resort parking on Interstate 45 south of Dallas that you may not know? I gave a presentation Dec. 5 to the Ennis Chamber of Commerce describing the new RV park project and showing three 24-by-36-inch poster boards with the architect’s renderings. Ennis has twelve festivals each year, and three of those are national events. Many people coming to Ennis have RVs already, and locals are emphatic that this RV resort would be full all the time because they have no place for friends or people on business to park an RV. In the past, if you had family or friends search for a luxury RV park in DFW, then they usually had to park one hour away or even farther. That’s because the RV parks close by are almost always full. Near our luxury RV resort site is a grass-strip RV park. A local told me it is full all the time. When someone moves out, someone else is waiting for the spot. Chamber members were also invited to our groundbreaking ceremony on Dec.16. Five members did attend. We had some very interesting and influential attendees on that cold, windy Monday morning. More about those people next month.

–Bill Moist

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