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How CPAs recover from tax season.


Denise Hanley, director, computer support, Kraft CPAs, Nashville.

Unwind Unwind

1. The closure of an investment position.

2. The reconciliation of an error previously unseen by a brokerage house.

Notes:
1. Sometimes referred to as closing out a position.
? Not in my job. As soon as tax season is over, we hit the ground running. I'm in charge of computer support for my firm. During tax season, my department is on call practically 24 hours a day, seven days a week. If there's a computer problem, we get beeped for immediate action. We can't afford to have computer downtime during tax season.

But right after April 15, when the crushing need for computer use eases, my department gets down to its real job: technical support. We start work upgrading our IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries)  AS/400 minicomputers. We also upgrade the networks and all the computers in the firm. These are jobs we can't do during tax season. Our department also handles training and marketing for our computer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services .

The most difficult job we have is analyzing what went wrong with the software or the hardware during the frenzy of tax preparation. We have to figure out how to fix things. That may mean upgrading software, evaluating new software and determining whether and how to make the change.

Complicating this process is the fact that our firm does many audits: Once tax season is over the staff shifts gears and gets heavily involved in auditing. Thus, there are no real slow periods at our firm.

Anne M. Yamamoto, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , tax partner, Frank, Rimerman & Co., Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. .

My husband and I are both CPAs, and this year we did something a little different: We took off the week after tax season for the first time. We stayed home with our two kids and took day trips because planning a big trip seemed too much like work.

In our firm, we focus initially on administrative items on e tax season is over. The thing I always hate is that we have to prepare bills right away. We also do performance evaluations.

We've realized there are a lot of administrative things that we're really on top of during busy season and then tend to let slide once it's over. This year, we've decided to change that. For example, during tax season, we have weekly tax partner-manager meetings in which we review personnel scheduling and any other important items. It really is a very effective management tool, so we're going to do it year-round now. If we can make the time to do it in our busiest time, why can't we continue doing so when work slows down? During the summer, we're going to focus on evening out work flow and coordinating training, vacation and maybe even marketing efforts.

Connie Brezik, CPA, PFS PFS,
n post facilitation stretch; therapeutic approach utilized during proprioceptive neuromuscular facilitation in which the patient begins the stretch midway between the fully relaxed and fully stretched position and uses maximum level of effort to
, senior consultant McGladrey & Pullen, Casper, Wyoming Casper is the only city in Natrona County, Wyoming, United States, although the county is home to a number of small towns and Casper suburbs. With a population of 49,644, Casper is the second largest city in Wyoming, after the capital city of Cheyenne with 53,011 inhabitants, .

Tax season really begins around February 1, after our clients receive their 1099s and W-2s. I work about 60 to 70 hours a week, which is the norm for everyone in this office. Employees have a choice of putting in their hours over a five-, six- or seven-day week. I usually work seven days because it's easier for me.

During tax season, I put my personal financial planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
 practice somewhat on hold in order to prepare income tax returns. In this particular McGladrey office we prepare a lot of returns and everyone in the office is involved. Many of the returns I prepare are for our financial planning clients. After tax season, I start to pick up from where I left off with all my PFP PFP - Plastic Flat Package  projects. The remainder of the year I spend on my financial planning practice.

To wind down after tax season, several couples take an after-tax-season trip. All the women are CPAs. We usually pick a good location and play golf One of the couples now lives in Reno, Nevada, so this year we went to see them. We usually take the trip within a week or two after tax season and wine, dine and relax!

Frank M. Percuoco, CPA, managing director, Gerald T. Reilly & Co., CPAs, Milton, Massachusetts Milton is a town in Norfolk County, Massachusetts, United States and part of the Greater Boston area. The population was 26,062 at the 2000 census. Milton is the birthplace of Buckminster Fuller and former U.S. President George H. W. Bush. .

In a firm like ours, partners who don't have other commitments usually disappear for a week or so. This year, one partner went to Jamaica and another to Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. . In my own case, however, I have a choice of professional activities. The association our firm belongs to, Associated Accounting Firms International, schedules meetings immediately after tax season and I try to attend them. In addition, I serve on the American Institute of CPAs private companies practice executive committee, which usually schedules conferences and executive committee meetings right after the tax season ends.

One way or the other, I'll get away from the office and combine some continuing professional education with a little social activity. Still, I really can't think about unwinding for another month or so. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified"
meantime, meanwhile
, I look forward to playing some golf and getting work done around my house. I like to relax by getting my hands dirty landscaping.

At the office, we give our employees an extra day off to make a long weekend at the end of the season. We also have an "end-of-the-season bash," an office party during the week following April 15. We have some staff members with families who cut back from a five-day week five-day week nsemana inglesa

five-day week nsemaine f de cinq jours

five-day week five n
 to perhaps a four-day or even a three-day week The Three-Day Week was one of several measures introduced in the United Kingdom by the Conservative Government 1970-1974 to conserve electricity, the production of which was severely limited due to industrial action by coal miners. .

Before long we'll be gearing up for our own mini-busy-season, which starts in the latter half of June. We audit a number of not-for-profit clients, and their fiscal years end on June 30. That business extends into the middle of September and, in some cases, October.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Author:Percuoco, Frank M.
Publication:Journal of Accountancy
Date:Jul 1, 1994
Words:917
Previous Article:Service extension opportunities checklist.
Next Article:The shape of firms to come. (just-in-time staffing at accounting firms) (includes related article on one firm's experience with just-in-time staffing)
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