In The Accounting World There Are 2 Seasons

In accounting, bookkeeping and tax preparation offices across Canada, there are 2 seasons – tax season, and not tax season.  If you call me looking for QuickBooks software training in March I’ll respond with “not during tax season”.  When approached to go out for lunch or dinner in April you’ll hear me say “not during tax season”.  The weather is great and I’m asked to attend the start of our golf league , “after tax season”.

For our office, tax season starts the second week in March and finishes about mid May.  Yes there is the June 15th deadline for proprietors and business partners, but preparation of those returns can be done during normal working hours.  TAX SEASON HOURS are not for the weak of mind or body.  Between the 2nd week of March and today, I’ve had two days off work, when I slept.  And the hours worked during the week are 10 to 14 hours daily.  Once you get into the swing of the “season” you really start running on adrenaline.  It’s like a rush that does have repercussions.  I start to have withdrawal around May 20th.  I feel lost, edgy; don’t know what to do with myself.  In the previous weeks, I was helping so many people keep their tax liabilities to a minimum, or celebrating their unexpected or large refunds.  It seems I was appreciated on an hourly basis!

Over the next few weeks I will share with you details about some of the issues that clients were not originally aware of but that resulted in having quite an impact when applied to their personal tax returns.  For example, in my next blog we’ll discuss the fact that post secondary students that pay rent while attending school, will find that this is a refundable credit and can result in a nice refund for that starving student.

And remember, just because your tax return is filed, you can always request an adjustment after locating those medical receipts or tuition information.  I would be more than happy to help you… after tax season.

How did tax season go for you this year? I love getting feedback. And here on my blog, you’ll get commentluv. This is a plug-in that allows you the opportunity to leave a link back to your own site when you leave a comment.

Until next time,

Maureen

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