Another Tax Season Bites the Dust

You got the late returns out by the 15th, made sure any needed extensions were filed, and probably took a three-day weekend. You became human again and you are now ready to party at your firm's  "After-Tax Season" bash.

About this time every year, you always say "Never again," and this year is probably no different.

Let me suggest, even though you don't want to think about it, that if you don't already do something similar, write down three things that worked particularly well this year, and three things you would have done differently, while it is fresh in your mind. Maybe get everyone in your firm that does taxes to do the same thing, if they won't throw a stapler at you when you ask. Now have everyone save that document in their Outlook or equivalent system that does date tracking. Make sure everyone uses the same date so all the documents can pop up at the exact same date. That date is when your firm will begin seriously planning for next tax season.

That "never again" is wishful thinking on your part. Don't just be relieved and glad another tax season is over. Spend some time, while you still feel the pain, planning to make it better next year. Make the next one easier. To those firms that always conduct an early tax season post-mortem, and there are many, just party tonight. To those others, maybe you just might as well party also. You've earned it. Life is too short, and you've got plenty of time, maybe 200 or so days and party nights before you begin preparing for the next tax season.

For reprint and licensing requests for this article, click here.
MORE FROM ACCOUNTING TODAY