Monthly

Newsletter

Noah Hamrick

Business, Bookkeeping, and Taxes

Key Actions

As April begins, it is a great time to pause, reflect on the first quarter, and reset for Q2. With tax season wrapping up, this is your opportunity to get organized and move forward with a clear plan. Here are a few key actions to focus on this month:

• If you have not filed yet, now is the time to file your return or submit an extension before the deadline.
• Review your Q1 financials including profit, expenses, and cash flow so you understand how your year is actually starting
• Set clear revenue and profit goals for Q2 based on your Q1 performance
• Reconcile all bank and credit card accounts to ensure your books are accurate and up to date
• Clean up any outstanding invoices and follow up on unpaid clients to improve cash flow
• Review your pricing and expenses to identify opportunities to increase profitability
• Set up or refine your monthly bookkeeping routine so you stay consistent moving forward
• Build or strengthen your cash reserve to prepare for slower months or unexpected expenses

Upcoming Tax Deadlines

April 15, 2026

• Deadline to file 2025 federal income tax returns, pay any tax owed
• Last day to contribute to IRAs/HSAs for the 2025 tax year
• Deadline for C-corporations (Form 1120) to file 2025 returns
• First estimated tax payment due for 2026. This first payment applies to income earned from January 1 through March 31, 2026.
• Deadline to file an extension, if needed by submitting Form 4868 to the IRS. You must estimate your tax liability and pay any amount owed by the original deadline. An extension gives you more time to file, not more time to pay.

Final Thoughts from the Founder

Now is the time to close out last year’s books, finalize your tax planning strategies, and get your return filed before the deadline.

April is not just about closing out one season. It is about stepping into the next quarter with clarity, confidence, and a plan that supports your growth.

If you have questions, please do not hesitate to reach out. This is a busy time for both business owners and accountants, so we encourage you to schedule your time now if you need support.