Cash Flow Forecasting Before Columbus Day: Why Good Bookkeeping Matters for Taxes

Columbus Day falls on October 14, and while it is just a bank holiday for most, it is a good reminder to check in on your cash flow. For business owners in Leesburg, Ashburn, Sterling, Purcellville, South Riding, Herndon, Reston, and Centreville, cash flow forecasting is not just about covering payroll and bills. It also plays a big role in your tax planning.

When your books are up to date, forecasting shows you what is coming in, what is going out, and what is left over for taxes. Without clean records, it is easy to under-save for quarterly estimates or year-end taxes, leaving you scrambling later.

Think of forecasting as a way to get ahead of both business expenses and tax obligations. It helps you set aside the right amount in a tax account and avoid surprises that could throw your compliance off track.

👉 Solid bookkeeping makes forecasting possible, and forecasting keeps your taxes on track.