Teaching provides an opportunity to give back by transferring knowledge, sharing experiences and offering a practical outlook to people who either will be starting their careers or are at mid career with a desire to advance further.
The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.
Here are some practice management suggestions for the new normal.
This year all playbooks have to be discarded and a fresh start needs to be developed.
Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes.
We just got through a most unusual “tax season,” with taxes pushed aside at the beginning of April to be consumed with the SBA and PPP.
In normal times, ideally no one should be let go unless they are just not good. In these times, being practical means some may need to go. How do you decide?
I’ve spoken to many owners of, and partners in, small firms and see an optimistic future.
Keeping in touch with clients is very important, especially during this period of isolation. Here is a way to provide updates to clients regarding their tax returns and to keep in touch generally.
We are on new ground with the coronavirus pandemic, and we need to adapt as much and as quickly as possible.