What to focus on before the next tax season (Press release)

With SARS tallying up its revenue and tax season over, now might be a good chance to review your systems, and recover from the marathon-long sprint that was tax season. Accounting software Smartpractice provided us with a list to consider.  

The busy tax season is more or less behind us, many accountants are likely feeling a sense of relief, having endured longer hours and heightened levels of stress. However, it's important to take time to reflect on the effectiveness of the season and find ways to improve for the next one. Equally important is the restoration of mental, physical, and social well-being in order to achieve a healthy work-life balance and prepare for business stability and growth.

To aid in this recovery process, we've compiled a list of tips based on feedback from accountants who have experienced this season. By implementing these tips, you'll not only be better prepared for the next tax season but also better equipped to manage your personal and professional life.

Improve your communication

Effective communication is vital when it comes to managing tax staff. To ensure that everyone is on the same page, it's important to coordinate communication effectively. Holding regular weekly meetings to evaluate progress and plan next steps can help streamline the process.

Additionally, you may consider using software like DreamTax to centralize client data and processes and submit taxes in bulk. By reducing the stress of provisional tax, your stress levels will return to normal.

Focus on internal staff management

Reviewing productivity from the previous season can help identify opportunities for improving efficiency and productivity. If you're using the a projects module, you'll be able to manage tasks and time effectively. By understanding what tasks require more or less time, you can plan for the next season more effectively.

Manage Your Documents Better

Staying organized is essential to managing a successful tax season. By setting up a client portal and requesting important documents in advance, you'll save valuable time and avoid frustration for both you and your clients. SmartPractice offers a free Client Portal as part of their system that allows you to keep all your client documents in one centralized location.

Use a Strong CRM to Create a Better Impression and Get Those Documents In

Chasing clients for documents is never fun. By using a bulk communication feature, you can send reminders to clients about required documents. Your clients can easily upload these documents directly into their portal, and you'll have a paper trail of your reminders.

Look After Yourself Too

It's important to remember that tax season can take a toll on your mental and physical well-being. To combat this, consider taking some time off to recharge your batteries. Take a mental-health break from work, switch off from work emails and calls for a day or two, and take a holiday to feel refreshed. Also, make sure you have a schedule in place to ensure that staff have the opportunity to recoup as well. Reconnecting with friends and family will give you some time to relax and be present, which is vital for reducing stress.

By implementing these tips and taking care of yourself, you'll be well on your way to a successful and less stressful tax season in the future.