With the filing deadline just two weeks away, most tax professionals are gasping for air right now, barely able to keep their heads above the mountain of 1040 work that they’re drowning in.
Some practitioners, however, have made a choice not to live that way for the next couple weeks. You can make that choice, too, and all it takes are a couple very simple procedural changes in your business.
At our tax resolution boot camp last September, Chrisa Anderson, CPA shared a brilliant strategy for attenuating the April madness: Just stop taking on new returns. Anybody that doesn’t have their documents in by this week simply goes on extension. Problem solved.
Another Premium member, Dan Henn, CPA, has taken it a step further. Not only does he have a document cutoff, he also imposes a Rush Service fee for any returns that an individual absolutely insists on being completed between now and the filing deadline. And it’s not a small priority service fee, either. In fact, he charges the client an extra 50% of their regular tax prep fee.
So if you are normally scrambling like a crazy person to complete returns for the next two weeks, it’s time to make some policy changes. And this doesn’t need to be a “we’ll do that next year” sort of thing. No. Do it now. Today.
Anybody that calls in today or later… Anybody that sends you an email… They simply get told that they’re going on extension or need to pay a priority service surcharge. It’s as simple as that.
Have a nice, relaxing rest of your filing season!