Is Your Accounting Firm Ready for Tax Season?
Now that the holiday season is over, we can relax, right? Well, for any business that is primarily working in the accounting and finance industry, the first of the year means the start of tax season, so it is anything but relaxing. Between January and April, tax professionals are working hard for individual and corporate clients. So is your accounting firm ready to tackle tax season? Here are some tips to help you stay ahead of the game.
- Start now. It probably wouldn’t surprise you to hear that March may be too late to help lessen the work your accounting team is doing. Starting now is an important step to making sure you have everything, and everyone, you need this season. This is a good time to find temporary workers who have just finished other seasonal assignments.
- Avoid stressful situations. Your core staff is great. They can handle anything you throw at them. But, even though they are superstars, it doesn’t mean they should be worked to the bone. Overtime is often necessary this time of year, but don’t push your team to the breaking point. Make sure you have short term help who can keep the office flowing.
- Look at last year. The best way to determine what you need to help you stay busy but organized is to look at what you did in previous years. Did you have enough help? If not, plan for more. What was your overall workload? How many new clients did you add over the course of 2016? One you review this information, you can create a plan that will help keep things moving.
- Work with a staffing partner. The best way to handle all of this with limited stress on your own shoulders is to partner with a staffing agency that specializes in accounting and finance. They can work with you to find the most qualified tax professionals or even administrative support to assist you and your team.