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Form 1040 income tax return

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Busy season grind got you down? 3 ways to reenergize.

Shutterstock_376060666Late nights. Working weekends. Scads of electronic files. If you’re REALLY unlucky, stacks of paperwork. No one ever said busy season was a walk in the park, but you don’t have to let it sap your energy. And since the season doesn’t get easier as it goes, you need all the energy you can get. What’s a busy CPA to do to? We have three suggestions to help you beat back the busy season blues.

  1. Get organized

This might sound pretty basic, but the realities of good organization are more complex than you might think. You likely already have a system set up for getting your work done, whether prioritized by clients or groups of clients, promised engagement due dates, etc. But are you thinking about that system on a daily basis?

Continue reading "Busy season grind got you down? 3 ways to reenergize." »

6 funny TV shows that do taxes better than you do

Shutterstock_713060872There are 77 days between the start of busy season and the April 15 deadline this year. That’s an uncomfortably long — or as some would suggest, uncomfortably short — amount of time for taxes.

It just so happens that 77 days is also the total amount of time the average American adult spends watching television every year. If you’re a tax practitioner, you’re probably not getting a lot of those days in right now.

During busy season, you have a limited number of hours to watch the best programming available. You need to be sure you’re taking advantage of the precious free time you have and getting only the good stuff.

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5 reasons to keep your procrastibaking habit during busy season

GettyImages-545807004If you’ve been on Instagram lately, you’ve probably seen posts tagged with #procrastibaking. If you aren’t familiar with the term, to “procrastibake” is to put off doing something you have to do in favor of baking. The term was featured in a New York Times article back in May and has increased in popularity ever since. And it’s a pretty likable concept – if you are a fan of sweets and don’t mind getting your hands and your kitchen a little dirty.

Sometimes you just need a break, and as you delve deeper into busy season, you may find that periodic diversions help you get more done. But why spend this time baking?

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IRS transcript changes: What to do now that busy season’s here

Shutterstock_1099316927Busy season is here.

If you’re a tax practitioner, you’re no doubt gearing up for what lies ahead. A big part of busy season prep is making sense of the recent changes to IRS transcripts and the resulting steep transcript learning curve. You may be wondering if you can still get the information you need to serve your clients.

While complex, cumbersome and somewhat confusing, transcripts are incredibly helpful. Authorized tax practitioners can assess a taxpayer’s overall standing with the IRS by reviewing one or a combination of four types of transcripts: tax return, tax account, record of account, and wage and income.

Continue reading "IRS transcript changes: What to do now that busy season’s here" »

5 busy season curveballs heading your way

Shutterstock_49076350Thanks to the biggest overhaul to the tax system since 1986, there’s more on your plate than usual this busy season. And while you’re managing client expectations and navigating the new federal tax laws, you have to consider accounting methods changes, Wayfair concerns and a prolonged government shutdown. It’s a lot to take on. But though this busy season may feel a bit daunting, remember that no one is better equipped to handle it than you.

As you look ahead to the task at hand, remember the famous quote by Babe Ruth: “Never allow the fear of striking out to keep you from playing the game.”

So, gear up to play the game and pay special attention to these key issues.

Continue reading "5 busy season curveballs heading your way" »

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