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Did You Have a Tax Balance Due Last Year? Why a Mid-Year Mock-Up Could Save You Money

  • Writer: Goodman Bookkeeping Team
    Goodman Bookkeeping Team
  • Sep 4
  • 2 min read
Tax Mock Up Goodman Bookkeeping & Tax Services Toledo Ohio

If you owed taxes last year, now is the perfect time to take a proactive approach. At Goodman Bookkeeping & Tax Services, we often recommend running a mid-year tax mock-up, essentially a “test drive” of your tax return, to see where you stand before year-end. Doing this helps you avoid unexpected balances, minimize penalties and interest (P&I), and plan with confidence.


What Is a Tax Mock-Up?

A mock-up is a proactive estimate of your tax return using your year-to-date income, deductions, and credits. Instead of waiting until April to find out whether you owe, you get a clear picture now.

Think of it as running your taxes early:

  • It uses your current income and expenses.

  • It identifies where your estimated tax payments stand.

  • It gives you time to adjust if needed.


How Often Can You Do a Tax Mock-Up?

The frequency depends on your income situation:

  • Quarterly – Best for self-employed individuals, small business owners, or anyone with fluctuating income.

  • Bi-yearly – A good fit for most wage earners who want to make sure they’re on track.


There’s no one-size-fits-all. We’ll help you determine how often a check-in makes sense.


Why Consider a Mock-Up?

Running a mock-up can give you peace of mind and real financial benefits:

  • No surprises at tax time – Know in advance if you’ll owe or get a refund.

  • Reduce penalties & interest – Pay in before balances grow.

  • Adjust withholding or estimates – Avoid owing more than necessary.

  • Strategic planning – Time deductions, retirement contributions, or purchases before year-end.


How Goodman Bookkeeping & Tax Services Can Help

We’ll review your year-to-date income, deductions, and credits, then prepare a detailed tax estimate. From there, we’ll advise whether you should adjust your withholdings or make estimated tax payments. Our goal is simple: help you stay ahead, avoid penalties, and feel confident about your tax position.


📞 Call Goodman Bookkeeping & Tax Services at 419-868-1040📧 Email brittani@goodmantaxservices.com


Don’t wait until April. A quick check-in now can save money and reduce stress later.

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