Tax season can be stressful—especially if you realize you owe more than you can afford to pay. The good news? You have options. And the worst thing you can do is ignore the situation. The IRS actually wants to work with you—but only if you take the first step.
Here’s a breakdown of what to do if you can’t pay your taxes on time:

1. Always File Your Return (or an Extension)
Even if you can’t pay, filing your return is essential. Not filing can lead to much more serious consequences, including penalties and interest that build quickly—and even actions like wage garnishment or passport restrictions.
Filing lets the IRS know you’re being proactive. If you need more time, file for an extension by April 15 to avoid failure-to-file penalties.

2. Look Into Free Help
You’re not alone. The IRS partners with organizations that offer free help to those who qualify. Volunteer Income Tax Assistance (VITA) programs are available nationwide and can help you file your return or set up a payment plan.
To find one near you, visit the IRS Free File page at irs.gov.

3. Explore IRS Payment Options
Can’t pay your full bill right away? That’s okay. The IRS offers several tools to help you manage your balance:

• Installment agreements: Set up monthly payments over time.
• Offer in Compromise: If you truly can’t afford to pay your full balance, you may qualify to settle for less.
• Currently Not Collectible: In extreme hardship cases, the IRS may pause collections entirely.

A tax professional can help determine the best option based on your financial situation.

4. Don’t Ignore IRS Notices
Once you file, stay engaged. If you receive a notice from the IRS, respond promptly. They’re often willing to work with taxpayers—but communication is key.

5. Hardship Happens—You’re Not Alone
Life throws curveballs. Job loss, illness, and other financial setbacks happen to many people. “We see taxpayers who are rarely in debt but suddenly face a year where everything goes wrong,” says Tom O’Saben of the National Association of Tax Professionals.
Being honest with the IRS about your situation can go a long way.

Final Thought:It might feel overwhelming now, but not taking action will only make things worse. File your return, seek help, and know that solutions are available. You don’t have to go it alone—and the IRS is often more flexible than you’d expect.

Need help navigating your tax situation? Consider working with a tax professional who can help you explore your options and advocate on your behalf.

Read the AP Article in the Daily Herald: ​www.dailyherald.com/20250329/finance/what-to-do-if-you-cant-pay-the-taxes-you-owe/

As we move into spring, business owners have a golden opportunity to clean up their books, fine-tune their financial strategies, and set the stage for success in the months ahead. Whether you’ve just wrapped up tax season or are gearing up for the next quarter, now is the perfect time to refresh your business finances.

1. Review Your Financial Statements
Start with a deep dive into your profit and loss statement, balance sheet, and cash flow statement. Understanding where your business stands financially will help you make informed decisions for the rest of the year. Look for trends, identify areas for improvement, and ensure your numbers align with your business goals.

2. Clean Up Outstanding Invoices & Payables
Unpaid invoices and late payments can disrupt your cash flow. Now is the time to follow up with clients on outstanding payments and reconcile your accounts payable. If late payments are a recurring issue, consider setting up automated reminders or offering small discounts for early payments.

3. Evaluate Your Budget & Adjust for the Year Ahead
Your business goals may have evolved since the start of the year, and your budget should reflect that. Take a fresh look at your expenses, revenue projections, and upcoming investments. Adjust your budget to optimize spending and ensure you’re on track to meet your financial objectives.

4. Maximize Tax Deductions & Plan for Next Year
While tax season may be behind you, now is the best time to plan for next year’s tax filing. Review your expenses to ensure you’re maximizing deductions and consider strategies like increasing retirement contributions, investing in business improvements, or adjusting your estimated tax payments.

5. Assess Your Business Growth Strategy
Are you planning to expand your team, invest in new technology, or explore new markets this year? Take a financial pulse check to see if your business can support these growth initiatives. If funding is needed, now is a great time to explore financing options like SBA loans, business lines of credit, or grants.

6. Refresh Your Payroll & Employee Benefits
Spring is also a great time to evaluate your payroll processes and employee benefits. Are you offering competitive salaries? Do you need to adjust for upcoming wage changes? Take this opportunity to ensure compliance and employee satisfaction.

7. Streamline Your Accounting Systems
If you’re still managing your books manually, consider switching to cloud-based accounting software that integrates with your business banking and payroll systems. Automating repetitive accounting tasks can save time and reduce errors.

8. Get Professional Guidance
​Business finances can be complex, and a second set of eyes can make all the difference. Consider working with an accountant or financial advisor to fine-tune your strategies and ensure you’re making the best financial decisions for your business.

Spring is all about renewal, and your business finances should be no exception. Take the time to clean up, plan ahead, and set yourself up for a strong and profitable year!

In an era where consumers are bombarded with choices, one of the most powerful ways a business can stand out is by emphasizing its local roots. Customers love to support businesses that contribute to their communities, understand their needs, and create a personal connection. But simply saying “We’re local” isn’t enough—you have to prove it. Here’s how your business can genuinely leverage its local status to build trust, loyalty, and long-term success.

1. Get Involved in the Community
Being local isn’t just about geography—it’s about participation. Sponsor local events, youth sports teams, or community initiatives. Attend town hall meetings, collaborate with neighborhood organizations, and support local charities. The more visible and engaged you are, the more people will recognize and trust your brand.
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2. Partner with Other Local Businesses
One of the best ways to reinforce your local identity is by teaming up with other businesses in the area. Offer cross-promotions, bundle products or services, and co-host events. When local businesses work together, they create a network that strengthens the entire community.

3. Highlight Local Employees and Stories
People connect with people. Introduce your team members in your marketing, tell their stories, and showcase how their local ties make your business unique. Feature customer testimonials from area residents who appreciate your services. The more personal and relatable your brand is, the stronger the connection with your audience.

4. Showcase Local Sourcing and Suppliers
If you source ingredients, materials, or products locally, let your customers know! Consumers appreciate businesses that invest in their local economy. Whether it’s a restaurant using locally grown produce or a retail shop selling locally made goods, transparency about sourcing can enhance your credibility.

5. Leverage Social Media to Share Local Content
Your social media should reflect your local pride. Post about local events, shout out other businesses, and engage with community discussions. Share pictures of your team at local landmarks, promote area happenings, and use location-based hashtags to reinforce your local presence.

6. Use Localized Marketing and Messaging
Your advertising and branding should reflect your community. Reference local landmarks, traditions, and culture in your content. If you have multiple locations, tailor your marketing to the specific neighborhoods you serve. A personal, locally focused approach resonates more than a generic message.

7. Offer Special Deals for Locals
A great way to strengthen your community ties is by rewarding local customers. Consider offering resident discounts, loyalty programs, or exclusive promotions for those in your area. This not only encourages repeat business but also reinforces the idea that your company is truly part of the community.

8. Celebrate Local Milestones and Events
From town anniversaries to local parades and festivals, being part of community celebrations is a great way to reinforce your local status. Decorate your storefront for local holidays, participate in parades, or create promotions that align with town events.

9. Show Authenticity—Not Just Marketing
Playing the “We’re Local” card works best when it’s authentic. If your local presence is just a marketing gimmick without real involvement, customers will see through it. Genuine connections, community engagement, and a commitment to local success will always be more effective than just slapping “Shop Local” on an ad.

Final Thoughts
Being a local business is an asset—when done right. By actively engaging in the community, collaborating with other businesses, and showcasing real connections, you can turn your local presence into a powerful brand advantage. So, don’t just tell people you’re local—prove it in everything you do.

As winter winds down and the days get a little longer, something else begins to bloom--networking season. Spring is prime time for business owners to get out from behind their desks and start making meaningful connections. Between industry conferences, community expos, and local business mixers, the opportunities to grow your network (and your business) are everywhere this time of year.
But here’s the thing: just showing up isn’t enough. If you want to make the most of these events, you need a plan. Here’s how to turn spring networking into real results:

1. Choose Your Events Wisely
It’s tempting to say yes to every invite, but your time is valuable. Look for events that align with your goals:

• Want new clients? Prioritize community expos or trade shows.
• Looking for partnerships? Find niche industry events.
• Trying to stay visible locally? Attend chamber events and business association mixers.

✅ Tip: Block off time now on your calendar for the most promising events. Spring fills up fast!

2. Update Your Elevator Pitch
After a few quiet winter months, it’s easy to get rusty. Before your next event, refresh your 30-second intro. Focus on:

• Who you help
• What problems you solve
• Why people should work with you

And keep it conversational—no one likes to be pitched at a happy hour.

3. Bring the Right Tools
It may sound basic, but don’t forget:
✅ Plenty of business cards (yes, people still ask for them!)
✅ A digital way to connect (LinkedIn QR code is a lifesaver)
✅ Something memorable if you’re exhibiting (small branded giveaways or a unique handout)

4. Follow Up Like a Pro
Networking doesn’t end when the event does. Within a few days:

• Send a quick LinkedIn connection request.
• Follow up via email with anyone you had a meaningful conversation with.
• Offer something of value—an introduction, an article, or a coffee invite.

The goal is to keep the conversation going, not just collect contacts.

5. Track Your ROI
If you’re spending time and money attending events, track what’s working. Ask yourself:

• Did I meet anyone who became a client or referral partner?
• Was this event worth the investment?
• Should I attend again next year?

Being intentional with your networking helps make sure it’s driving real business growth.

Ready to Get Out There?
Spring is the season of new beginnings—so make it the season you grow your network and open doors to fresh opportunities. Pick your events, polish your pitch, and make the most of every conversation.
Your next big connection is out there. Go find it.

👉 Looking for great events to attend?
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Check out our Networking Events Calendar for upcoming opportunities to connect:
https://www.glm-accounting-bookkeeping.com/networking-calendar.html