Yolofsky Law - February 2020

THE HERO I N S I DE R

www. yol of sky l aw. com (305) 702-8250 FEBRUARY 2020

From the Yolofsky Office

How many times have we wished for just another hour in

the day? This month, you get a whole extra day – on a Saturday, no less. What will you do with it? Recently, many of my friends and colleagues have expressed the sentiment that the days are slow, but the years are fast. Indeed, wasn’t it just yesterday that the Y2K bug turned out to be nothing? Now, we’re making sure to write 2020, just to prevent someone from forging a different date. On the 29th, you’ll have a day to entirely call your own. That “resolution” is either now a habit or an ideal that is almost forgotten, except that the 29th is a perfect day to get motivated. Because it’s a special day that happens every fourth year, why not celebrate it in that manner? Give yourself the (second) chance to make improvements. One suggestion? Put the electronics down. Be present. Interact with the people around you. Tell them how important they are to

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

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.

you. After all, isn’t it also Valentine’s Day?

How do you do it?

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