Ratcliff CPA & Consultants
July 2026 Newsletter
Mid-Year Tax Planning
As we move into the second half of 2026, now is the perfect time to review your tax situation and make adjustments before year-end.
For Individual Taxpayers
- Review federal withholding
- Check estimated tax payments
- Review retirement contributions
- Update dependents or filing status changes
- Plan for major income changes
Business Owner Mid-Year Checkup
A mid-year review can help identify opportunities to improve profitability, reduce taxes, and stay compliant.
- Review profit and loss performance
- Evaluate estimated tax requirements
- Review payroll compliance
- Plan equipment or vehicle purchases
- Discuss possible S-Corp tax savings
Important Tax Deadlines
July 15, 2026: Second quarter estimated tax payments due.
September 15, 2026: Third quarter estimated tax payments due.
October 15, 2026: Extended individual tax returns due.
Protect Yourself From Tax Scams
The IRS continues to warn taxpayers about phishing emails, fake IRS phone calls, social media tax schemes, and identity theft.
Reminder: The IRS will not initiate contact by text message or social media.
Schedule Your Mid-Year Tax Review
A proactive tax strategy can help reduce surprises before tax season.
Ratcliff CPA & Consultants
Serving Individuals and Businesses Throughout Louisiana
Thank you for trusting us with your tax and accounting needs.
