Tax season officially ended on Monday last week, and while many CPA’s are letting out a huge sigh of relief that their busy season is over and they are able to take a well-deserved break. The general assumption is that work stops after tax season. But in reality, CPA’s have plenty to do throughout the year, whether it's tax season or not. Clients have audits, strategic financial planning, bookkeeping and many other tasks for a CPA to deal with year-round. So how can a CPA prepare for the next busy season? Read on to find out. 

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Take a break 

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Yeah we said it, take a break. There is no shame in it. Burnout interferes with your ability to perform well, increases rigid thinking, and decreases your ability to think accurately, flexibly, and creatively.The stress brought on by COVID-19 worsened the burnout problem that already existed in the CPA profession, according do an Indeed survey reporting burnout, 52% of respondents said that they felt burnout. Compared to the 43% prior to the pandemic. Giving yourself grace and prioritizing your mental health can prevent burnout so you are able to tackle the next challenges that are thrown at you outside of tax season. 

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Continue your education

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CPAs are multi-skilled. They’re expert analysts of cost-efficiency. They recommend ways organizations can increase profits. They advise about investments and economic trends. Some CPAs specialize in specific areas like contracts, non-profit formation, strategic planning or forensic accounting. These skills mean they are in demand the entire year. When a CPA works consistently year-round, tax season is less frustrating for everyone. 

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Set up technology for next tax season

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When having downtime it’s important to consider mistakes made or processes that are not serving you the optimal outcome. With our platform, Clockwork we use technology to help CPAs understand their money. We help them with their client’s cash flow and simplify the hard work of building and explaining financial models to businesses. Time is money, so CPAs should be using their time to make money. Clockwork saves CPA’s the time and hassle of complex accounting for multiple clients, simplifying and demystifying a complex industry. 

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So if you’re a CPA, please take a break. We’ll be here for you when you’re ready! 

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You can start a free 14-day trial at Clockwork.ai to see what we’re talking about. 

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Conclusion

Tax season officially ended on Monday last week, and while many CPA’s are letting out a huge sigh of relief that their busy season is over and they are able to take a well-deserved break. The general assumption is that work stops after tax season. But in reality, CPA’s have plenty to do throughout the year, whether it's tax season or not. Clients have audits, strategic financial planning, bookkeeping and many other tasks for a CPA to deal with year-round. So how can a CPA prepare for the next busy season? Read on to find out.