Many tax professionals find themselves virtually strapped to their desks between Christmas and Easter, preparing returns for corporate and individual clients by the April 15 tax deadline. Now that this frenzied pace has slowed down a bit, it can be tough to regroup—but reflecting on what went wrong (and right) during the last tax season can better prepare you for the next one. Here are a few things you can (or should) do as you're winding down from the whirlwind that was the 2019 tax cycle.
Wrap Up With Lingering Clients
Unless you're lucky enough to have an extension-free set of clientele, it's likely you'll have a few (or more) additional returns hanging around after April 15th. To keep these returns from getting in the way of your post-season plans, maintain open lines of communication with your clients. Drafting emails that set forth your plans and include clear language like "If I don't hear from you today, I can..." or "If I hear from you by Friday, I will..." can protect you while making sure your client stays in the know.
Recommit to a Healthy Lifestyle
Between dreary winter weather and work-related demands, planning healthy meals and making time to exercise regularly can often fall by the wayside during tax season. Taking small steps to get back to a healthier schedule and lifestyle—whether waking up early to go to the gym a few days a week or planning meatless meals to reduce your saturated fat intake—can reap major dividends in your personal and professional life.
Make Time for Continuing Education
Fitting in your required CE hours during the busy season can be all but impossible. Take advantage of a more flexible schedule and complete your annual CE before the dog days of summer. By focusing on tax changes for 2020 when selecting your CE courses, you'll be able to enter the next tax season rested and well-prepared.