by Christy Heitger-Ewing


The month of March signals basketball fever, the hopeful return of milder temperatures, and, of course, looming tax filing deadlines. Jon Markee, founder of Remote CPA, says that this is a telling time for home builders as tax filings reveal much about their business personality. According to Markee, there are five styles: the Early Bird, the Procrastinator, the Misinformed Optimist, the Extension Misconceiver, and the Last-Minute Rusher. So, what does your approach to tax filing say about you?

  • The Early Birds had their year-end books closed by January, dispatched all 1099s timely, and are ready for a March 15 tax return. “They epitomize efficiency and foresight, staying ahead of deadlines and avoiding last-minute scrambles,” says Markee.
  • The Procrastinators thought they were on track for on-time filings until distractions popped up, forcing them to file for an extension. “They often underestimate the time needed for thorough preparation, leading to eleventh-hour extensions,” Markee notes.
  • The Misinformed Optimists are under the misconception that their tax returns are due April 15, but they’re actually due a month earlier. This mix-up often stems from a lack of awareness or confusion about different business structures and their filing deadlines.
  • The Extension Misconceivers bank on the extension, wrongly assuming it gives them extra time to pay any taxes owed.

“The crucial detail they miss is that an extension to file is not an extension to pay,” says Markee. This misunderstanding can lead to unnecessary penalties and interest charges for late payments.

The Last-Minute Rushers wait until the bitter end to sort their taxes, leaving them scrambling to gather documents, which increases the likelihood of errors. By embodying a reactive approach, they respond to emergencies rather than planning ahead.

Regardless of your tax-filing personality, the overall goal is to close out your books and compute your tax returns faster, which makes for smoother financial management in the future.

“Even if you aren’t ready to pay yet, it’s better that you know what your tax liability is as far in advance as possible so you can plan for it,” says Markee. “Staying informed and prepared can save you time, money, and stress.”

Remote CPA can help you with tax filing and many other services such as accounting, budgeting, bookkeeping, and forecasting. For more information, email info@remotecpa.com or visit remotecpa.com.