Labor Day

The 2018 extended tax deadlines for business (partnership, S-corporation) and individual and corporate (individual, C-corporation) are quickly approaching on September 16th and October 15th, respectively. If you have not yet filed your tax returns for 2018, your time is running out. If you are a client of Weech Financial and have not yet provided all your 2018 tax documents and information, you must do so early next week to have a chance of having your returns prepared by the September business filing deadline.

Monday is Labor Day! In my discussions with others over the years, I am afraid that many do not understand why we celebrate Labor Day in the United States. The purpose of the Labor Day holiday is to pay tribute to the contributions and achievements of American workers and was created by the labor movement in the late 19th century. It became a federal holiday in 1894.

In the late 1800s, at the height of the Industrial Revolution, the average American worked long days (average of 12 hours) and every day of the week just to earn enough to survive. There were also limited child labor laws in place, so very young children worked earning very meager pay. Working conditions were poor and unsafe in many cases.

Eventually, labor unions formed to defend the rights and safety of workers. The Labor Day holiday was a product of this movement seeking to provide a holiday for the working men and women of society.

We are very thankful for those who have worked and who now work hard each day to make this great country what it is today. We are also excited to assist our working clients to succeed and to improve their financial situation and reduce their tax burden, where possible.

If you have any questions, please contact us. We offer a free initial consultation for all potential new clients.

Mark J Weech, CPA