February 15, 2024
Hey there, campground tycoons, legacy-builders, and family-business champions! Ever found yourself staring at a hefty tax bill while dreaming of flipping a fixer-upper? Or perhaps you've pondered whether Uncle Sam would mind if you postponed his payday for a year. If that's you, then buckle up because this is the blog post you've been waiting for!
At Campground Accounting, we're not just number-crunchers. We're your escape artists from the shackles of operations overwhelm and decision fatigue. Why? Because we believe there's more to taxes than being on time, and there's definitely more to life than business.
Our fearless leader, Donna, is your trail guide through the wilderness of taxes, accounting, and business growth. With her progressive perspective of accounting, she doesn't just crunch numbers; she crunches possibilities. She'll help you press play on your bigger ideas, breathe life into your campground ownership, and never miss an opportunity for experience, exploration, or understanding.
But let's get back to that pesky question: "Can I delay paying my taxes?"
Well, I recently had a chat with a client who asked me this very question. He had a golden opportunity to buy a house in need of repairs, flip it, or rent it out to his workers. But there was just one hitch - he had a $60,000 tax bill looming.
Now, most people would say, "No, you can't do that! You have to pay your taxes." But here at Campground Accounting, we're not most people. We like to dive deeper, crunch the real numbers, and make decisions based on results.
So, we did just that. We looked at what it would cost him to buy the house using his tax dollars. We calculated the interest and penalties he'd face if he delayed paying his taxes for a year. And you know what? The results might surprise you.
Want to find out how this story ends? Eager to see if our client became the proud owner of a fixer-upper or just another taxpayer on time? Then dive into our full article, where we reveal the power of making calculated moves and how to juggle a tax bill and a fixer-upper. It's a page-turner, we promise!
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Donna Bordeaux, CPA with Campground Accounting
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.