5 Ways Accountants Can Get Ahead of The Busy Season in 2021

We are edging closer to the time when personal tax returns start putting a lot of strain on accountants and tax agents. The excessive hours and workload in the upcoming months can affect your health, motivation, relationships and long-term productivity.

Last year was the hardest in memory due to the COVID pandemic. We are not anticipating this season to be any different – piles of paperwork, a frantic scramble for client communications, a flurry of late calls and the most important but often ignored impact- you and your staff’s mental health.

Having provided tax preparation outsourcing support to thousands of accountants over the last ten years, QXAS is very familiar with the stress and strains of the Self Assessment tax season for accountants.

To help you get through the challenges of the coming months, we’ve put together five ways you can cut the stress and boost productivity.

Tax return checklists for clients

For your clients to prepare for a tax appointment with you, they should gather all of the information and documents that apply to their tax situation.

To make sure your clients are prepared, QX accountants have put together a Personal Tax Return checklist to help you quickly collect data from your clients. Check it out here.

Outsourcing / Hiring seasonal staff

The nature of the accounting profession means that staffing is a constant problem. Sadly, tax season staff are frantically busy during the turn of the year but almost entirely idle from February and September.

Have you thought about hiring experienced staff with outsourcing partners to help with the workload and prepare you for the increase in staff absence due to stress, mental health, or being hindered due to the winter flu season?

Now could be the time to consider outsourcing. When you outsource tax returns, you can save employment costs for six months of the year which can be the price worth paying. With QXAS tax outsourcing, you get:

• A team fully trained in UK tax, including tax legislation, and excellent technical knowledge and understanding of tax documentation
• Staff experienced in filing tax returns on the software of your choice, including IRIS, TaxCalc, and CCH
• An attractive charging policy based on the number of income streams, reflecting the work we undertake
• Scalable teams: Use your most valuable people’s time more effectively to help meet client needs and grow the practice
• Full compliance with data protection and data privacy laws to keep your client information secure (GDPR – BS10012, ISO 9001, ISO 27001, ISO 27701)

 Your Guide to A Healthy De-Tax

Tax season has become synonymous with pulling all-nighters at the office, processing piles of tax returns, while more keep perching on your inbox. It’s the same old routine, and accountants wish to find a way to end this monotonous lifestyle. So, here’s your wish coming true. Download this essential stress-busting ‘de-taxication’ plan for this tax season and know how to work less, make more profits and grow your accountancy practice.

Early bird discount

At QXAS, we are focused on working with progressive accountancy firms like yours. That’s why for a limited time, we are offering an Early Bird Discount of up to 20% to accountants for tax returns. Let us manage the excess work, and we will quickly turn it around within 12-36 hours so you can keep your customers happy with your service. If you sign-up now, we will also throw in two tax returns completely free, so you can evaluate us risk-free.

For any new customers who want to partner with us between now and September, you will also receive a discount and a free trial.

Mental Peace

It’s essential to look after your mental health and your team during tax season. Whether it’s your in-house team filing the returns or temporary staff, they need to have support from senior partners, colleagues, and managers, who are calm and capable of managing the workload during the busy season. In an ideal world, it would seem easy, but things never go as planned. Therefore, wherever possible, have a backup plan in case some issues arise.

This year get ahead of the tax season with the support of QXAS and improve your practice, mind, and profitability.

To avail our personal tax preparation outsourcing services, call us at +44 208-146-0808 or email us at [email protected].

Originally published Aug 19, 2021 08:08:52, updated Jan 03 2023

Topics: Industry, self-assessment tax season, Tax, Tax outsourcing

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