I don’t know about the rest of you, but I can’t wait until June 16th! Usually the day after tax season, I shut my office
down to get some necessary R&R. But after this year’s seasons, I will be taking the rest of the week off to recharge. Not
just recharging, but also use that time for reflection. What did my firm implement that worked well? What are things we
need to improve on? What changes are definitely needed? I am a firm believer that there are lessons to be learned in
everything we do and understanding those lessons and learning from them can only make us and our practice stronger.
The following are some lessons I learned this year:
1. You can say “no” and it won’t be the end of the world. Many times I find myself wanting to help everyone or take on
every project that walks through my door. The old saying was “if they pay the right fee, it is worth it.” But, is it? I found
out this year that these “projects” ate up a lot of time and took away valuable resources from other work that needed to be
done. My team and I were stretched way too thin and at times felt there was no end in sight. Money vs. peace of mind,
which one do you think would win?
2. Get out of the way! One of my biggest problems is ME. I seem to get in the way of things. For example, hiring more
staff. I don’t know how many times I felt I didn’t have enough work, or there wasn’t enough money, to be able to hire
another person. I allowed my fear to dictate my business decisions instead of facts. Once I removed myself (or, more
specifically my emotions), I was better equipped to make the right business decisions.
3. Make time for yourself! You can’t spend every waking moment before a deadline working yourself to the bone. Find
some time to recoup and center yourself, to return to the task at hand refreshed and focused.
What are some of the lessons you learned this tax season? Will you be making changes to make your life and the lives of
your staff better? As Soren Kierkegaard said, “Life can only be understood backwards; but it must be lived forwards.”