Tim Thompson CPA - April 2020

The Top 3 NHL Players of All Time

On April 4, NHL teams will play the last games of the 2019–20 season, and playoffs will begin shortly after. While current NHL stars like Connor McDavid and Nikita Kucherov are sure to light up the ice, this is the perfect time of year to reflect on some of the greatest NHL players of all time. Though NHL history is full of outstanding players, three individuals always enter the discussion: Gordie Howe, Bobby Orr, and of course, the one and only Wayne Gretzky. Here are some interesting facts about these legendary players! Gordie Howe, also known as “Mr. Hockey,” played professional hockey for 32 seasons between the NHL and the World Hockey Association, and he achieved some impressive numbers during his career. Howe was known for being tough, and the term “Gordie Howe hat trick ‘’ was coined in his honor and is used when a player scores a goal, makes an assist, and gets into a fight all in one game. Aside from Wayne Gretzky, Howe is the only player in NHL history to record 800-plus goals. GORDIE HOWE

surging forward to assist offense, and his style remains the gold standard for defensive play in the NHL. After retiring, Orr was awarded the Lester Patrick Trophy in recognition of his contributions to the sport.

WAYNE GRETZKY

Often labeled as the best hockey player of all time, Gretzky holds a long and storied list of records as an offensive player. He remains the only NHL player to record 200 points in a single season, which is a feat he accomplished not once, not twice, but four times. Gretzky also holds the record for most goals in a single season (92) and for being the fastest to reach 50 goals in a season in just 39 games.

BOBBY ORR

Bobby Orr holds the record for the most points and assists by a defender in one season, with 139 and 102 recorded, respectively. He was known for

What to Do If You Got an Unexpected Tax Bill

If you got a surprise when you filed your taxes this year, it may be time to revisit your W-4s. For most people, an unexpectedly large tax bill is what happens when your employer withholds an insufficient amount of money from your paycheck each month, and unless you have recently updated your W-4, they likely still are. Updating your W-4 won’t change your tax bill this year, but it is a step in the right direction that will make sure you don’t find yourself with another unexpected tax bill next year. If you find yourself with a tax bill that you can’t afford to pay, the IRS will work with you in several ways. First, you can request a payment extension or a six-month grace period. Only people who find themselves in especially adverse financial circumstances qualify for payment extensions, but if you can prove that paying on time will cause you to suffer a substantial financial loss, you might qualify.

The IRS accommodates payment plans. They do charge interest, and there is a small fee to set up the plan, but implementing a payment plan is still better than getting hit with the penalties associated with missing tax deadlines. Ultimately, the best way to deal with the situation of owing more in taxes than you can afford to pay is to avoid it. If you are an employee, make sure that the W-4s your employer has on file for you are up to date and accurate. If you have a large tax bill you are struggling to pay, at Tim Thompson CPA, we can help you work out a plan to get current. Regardless of your specific situation, we will do everything we can to get you back on track. Visit MyDFWCPA.com to learn more about how we can help you stay on top of your taxes!

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