Articles and Information

Useful Information Just For You

What, Why, and When of Estimated Tax Payments

The below information was taken from the IRS website and summarized for you here. If you'd like to read the full details, please visit:

If you are in business for yourself, you generally need to make estimated tax payments. Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. 

Estimated tax is used to pay not only income tax, but other taxes such as self-employment tax and alternative minimum tax. If you don’t pay enough tax through withholding and estimated tax payments, you may be charged a penalty. You also may be charged a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return.

Individuals, including sole proprietors, partners, and S corporation shareholders, generally use Form 1040-ES (PDF), to figure estimated tax. For estimated tax purposes, the year is divided into four payment periods. Each period has a pay online, by phone, or by mail.

You can pay all of your estimated tax by April 17, 2018, or in four equal amounts by the dates shown below:

1st payment ................. April 17, 2018

2nd payment ................ June 15, 2018

3rd payment ................. Sept. 17, 2018

4th payment ................. Jan. 15, 2019

Please put the above dates in your calendar and reach out to me at 858 367-3112 if you need help.

Ryan Lee
The Money Paradox - TED Radio Hour

This is a very good episode by NPR TED Radio Hour and discusses our predisposition about how we think about and use our money. It also answers the question "Can money buy happiness?"


The Money Paradox

How does money motivate, trick, satisfy and disappoint us? In this hour, TED speakers share insights into our relationship with money.

Ryan LeeMoney, TED Talk
The Importance of Strategic Planning

Originally published in Carlsbad Business Journal -  January 2018

In any business, the foundation for success is a realistic set of achievable goals and objectives for the company, as well as a means by which to realize them. The formulation and implementation is called Strategic Planning (SP). Is the company built to provide its founders with professional fulfillment until retirement? Is the goal to grow and sell for a substantial payday? Somewhere in between? In order to determine and realize these goals, strategic planning is likely the most valuable investment a business can make.

Defining Success

The first thing SP will do is to reconcile the professional and personal visions for a company. It will help firmly and clearly establish a company’s definition of success and prioritize that definition as the company’s primary objective. Such strategies will include long and short term plans, returns on investment, the differentiation between the plan and actuality, and forecasting the future of the company, its competitors, and role in the marketplace.

Successful businesses operate in a culture where there are clearly-defined, uniform goals that have potential to benefit everyone. By consolidating the goals from the top of the organization to the bottom, it’s easier to communicate the message to everyone within the organization, so that all employees become catalysts for the company’s success.

Allocation of Resources

SP ensures the allocation of resources so that every decision -- from personnel to spending to marketing -- is made with a singular goal. Resources are spent with intent rather than speculation. Additionally, every decision (both financial and non) will be adjusted to accommodate the goals of the business rather than individual departments.


Ryan Thomas Consulting offers full expertise and support to help plan for the future of your company and will help realize your company’s full potential.

Ryan Lee featured in SHARE San Elijo

Earlier this year, Ryan Lee, the owner and Finance Director, was featured in the local newpaper for both his professional financial consulting, but his passion for painting. Check it out!

Meet Ryan Lee

Ryan Lee is a fine artist and finance consultant living here in San Elijo Hills. It's not often that you meet someone who actively uses both sides of the brain successfully, but Ryan is doing just that. It's also fun to meet someone who is raising a family while running a business and pursuing his art simultaneously.

Ryan LeeRyan Lee, Painting