Local Discussions What's happening in the Logansport business community
Step one with Intuit Academy Tax certifications completed! On to Level 2.
Posted by Paula, Logansport, IN on May 11, 2026 • in Logansport IN
Passed the recertification on 5.6.26!
Posted by Paula, Logansport, IN on May 11, 2026 • in Logansport IN
Filing a tax extension isn't procrastination—it's a strategic move for small businesses! Here is why hitting "pause" can be a smart financial decision:
Stop Penalties: An extension secures 6 months of breathing room and avoids the 5% monthly IRS failure-to-file penalty.
Accuracy: Rushing leads to mistakes. Extra time ensures transactions are categorized perfectly and reports are clean.
Document Buffer: Still waiting on 1099s or K-1s? This gives you time to gather everything without the scramble.
Retirement Perks: It grants extra time to fund certain accounts like a SEP IRA to lower last year’s taxable income!
Note: This is an extension to FILE, not to PAY. You must still estimate and pay by the deadline.
Stop Penalties: An extension secures 6 months of breathing room and avoids the 5% monthly IRS failure-to-file penalty.
Accuracy: Rushing leads to mistakes. Extra time ensures transactions are categorized perfectly and reports are clean.
Document Buffer: Still waiting on 1099s or K-1s? This gives you time to gather everything without the scramble.
Retirement Perks: It grants extra time to fund certain accounts like a SEP IRA to lower last year’s taxable income!
Note: This is an extension to FILE, not to PAY. You must still estimate and pay by the deadline.