Fiscal Equinox (Observed)

by | August 28, 2017 | Articles, Finance

With thanks to our friends at Thomson Reuters Legal Executive Institute.

  • You spend from January 1 to April 23 devoting your revenue to paying taxes;
  • After  April 23 (we’re talking averages here) another 40% of your year is “wasted” in non-revenue-producing activities;
  • Which means August 26 is your Fiscal Equinox; now you’re working for yourself;
  • But you’re still not taking home the revenue you collect as profit; you spend another several weeks paying bills with the money you collect.

Screenshot 2017-08-26 at 4.36.24 PM

Time to celebrate!

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