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CPA Firm in Miami Takes the Stress out of Next Tax Season

CPA Firm in Miami Takes the Stress out of Next Tax Season

For CPA Firm in Miami, “crunch time” comes around every year, from February to April and then again from June to September.

As deadlines loom, CPA Firm in Miami stress spikes. The work week becomes the work month or, in fact, months. More than any other single factor, long hours and the resulting burnout often drive people out of CPA Firm in Miami. Are eight-day weeks inevitable at certain times of the year?  Is there a better way?

Yes is the answer to both questions. So long as the U.S. tax code remains some 72,536 pages long, not to mention the spiraling complexity of foreign tax codes that CPA Firm in Miami must confront, 60-, 70-, and even 80- hour work weeks are not likely to end.

At the same time, steps can be taken to ease the pain of the inevitable backlogs in early spring and late summer. It is time to put more of our practical intelligence to work to find solutions to the malady of overwork and burnout.

Today, virtually every CPA Firm in Miami relies to some degree on temporary workers in peak season. However, paying more attention to how that hiring happens can make a big difference, and the process should focus as much on when to staff up as with whom. By the month prior to busy season, temporary support should be in-house, up-to-speed on processes and procedures, software, and all the other details of working for your CPA Firm in Miami. Leaving too little time for the learning curves of your contingent staff will only cost lost time later on.

In order to ensure that the right team is in place as financial statements begin to be released and the pace of work begins to accelerate, hiring for the year should begin, in fact, the year before. For permanent staff, that should be mid-April, as soon as the filing deadline has passed, and for temporary workers, the search should begin by mid-October.

It’s imperative to also know who to hire. Discovering in March that your CPA Firm in Miami is not equipped to complete an international return could be a recipe for disaster. Companies should know what they need upfront, or work with a staffing partner who can help ask the right questions to match skills to predictable demands, because a one-size-fits-all approach to hiring rarely works.

With a team in place, the next critical step is obtaining the coin of the tax accountancy realm —information. And the best way to avoid a backlog in the preparation process is to build in time to develop or obtain that data. If you are an CPA Firm in Miami, incentivize your clients with discounts to provide materials before a certain date. If you’re filing for your company, make it a priority to collaborate with your audit team early – assess what caused backlogs the previous year, and make sure the same issues don’t cause delays again and again.

Managing peak season successfully is also about what happens throughout the rest of the year. Smart leaders know the value of sustaining their best people by treating them well—all the time. Every employee who stays for one more crunch time is one less learning curve to draw. The chance to work from home a few days a week, for example, particularly in slow season, is flexibility that generates loyalty. Time off during slow seasons also boosts productivity when it counts most. A generous vacation policy—and truly encouraging employees to take their down time—will help ensure that batteries are fully charged. Off- peak season can also be a chance to plan team building off-sites, including volunteer work in the local community, which can generate good vibes that ripple all year long.

Planning for tax season is not an exact science. There is no rule book. Amid the unpredictability of the peak season, things will fly around the room, but the intensity of work and staff morale will depend, in sum, on three fundamentals:

• When to hire temporary staff is as important as whom to hire. Have the team in place well before the New Year.

• Who you hire does matter. Match skills to expected challenges.

• Information is indispensable. Take action early to ensure that your teams have what they need to get the work done.

CPA Firm in Miami, sooner or later there will be a lot of balls in the air. Whether a company fields them frantically—or with finesse—depends on embracing a higher level of planning.

 

About 

Gustavo A Viera is the managing partner of Gustavo A Viera, PA. His experience spans more than 25 years. He started his career in public accounting at PriceWaterHouseCoopers where reached the level senior audit manager. His Fortune 500 experience includes positions as CFO – Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His office is located at One Alhambra Plaza Floor PH Coral Gables FL 33134, and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at 786-250-4450.

About the Author

Gustavo VieraGustavo A Viera is the managing partner of Gustavo A Viera, PA. His experience spans more than 25 years. He started his career in public accounting at PriceWaterHouseCoopers where reached the level senior audit manager. His Fortune 500 experience includes positions as CFO - Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His office is located at One Alhambra Plaza Floor PH Coral Gables FL 33134, and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at 786-250-4450.View all posts by Gustavo Viera →

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