Getting Ready for Tax Season

Source: Partner’s Report—The Monthly Update for CPA Firm Owners

The major tax season problem is failure to deal with clients who persistently send their information in late. Here are some tips to help you cope with the next tax season: 

• Offer incentives for early submission of information.
• Communicate with clients more frequently
• Get an early start on tax season
• Continuous monitoring of the preparation process
• Establish a cut-off date, after which the client automatically authorizes an extension
• Increase fees
• Fire clients

From Partner’s Report—the Monthly Update for CPA Firm Owners, November 2005, p. 2. For subscription information contact Institute of Management & Administration, Inc., 3 Park Avenue, 30th Floor, New York, NY 10016-5902. One-year subscription $329. 212-244-0360, [email protected]