Tax Pro Tips: End of Year Wrap Up To Do List

Tax Pro End of Year To Do List

Another year is coming to an end, and new tax season will be upon us shortly! Before the year ends, let’s make a short list of things to wrap up, and help you plan and prepare for the next tax season. Here is a short list that should help you get started on your own list.

  1. Complete Outstanding Client Work: Ensure that all tax returns, financial statements, and other deliverables for clients are finalized and submitted before any year-end deadline. This includes reviewing work for accuracy, addressing any outstanding client inquiries, and obtaining necessary signatures or approvals. Empty that inbox if you can.
  2. Stay Updated on Tax Law Changes: Familiarize yourself with any new tax laws, regulations, or changes that will come into effect for the upcoming tax season. Make a cheat sheet for yourself, or have your browser bookmarks set up so you can quickly access them when needed. This could also mean to check your continuing educational requirements. Compliance deadlines coming December 31st include Annual Filing Season Program, Enrolled Agents CE and California CTEC tax preparers who want to obtain the ASFP designation for 2024. If you are already a Pronto Tax Member there will be one last live Q & A Webinar next week on Thursday December 28 at 3 pm Eastern and 12 pm Pacific. If you are not a current Pronto Tax Member, there is still time to join us!
  3. Organize and Review Client Files: Establish an organized system for storing and accessing client files. Review and update client information, ensuring that all relevant documents are properly filed and easily retrievable. This can help streamline future communication, document preparation, and recordkeeping. This would be a great time to organize client emails and setting up a Customer Relationship Management system.
  4. Evaluate and Enhance Workflow Processes: Reflect on your workflow during the previous tax season and identify areas for improvement. Consider implementing new tools, software, or automation systems that can help streamline processes, increase efficiency, and enhance accuracy.
  5. Establish Marketing and Client Communication Strategies: Prepare your marketing and client communication strategies for the upcoming tax season. Consider sending out reminders to existing clients about important filing deadlines, offering tax planning services, and updating your website or marketing materials to highlight any new services or expertise you can provide. Your website is a great virtual assistant to keep standard forms and procedural information on it, so you can direct your clients there instead of you taking your time to repeatedly instruct and email forms.

If you could hit all these points before the year ends, you would be ready to rock! If you can select some priorities off the list, you will be skating into the New Year and ready to go for the new tax season. It’s not how many you can do, it is about deciding what YOU need to do to get yourself ready for a successful tax season.

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Let's Make Sure We Direct You to the Right
Training for Your Needs!

Please click the button below for your primary tax credential.

Not sure which credential applies to your situation?  Click here to reach our support team and we'll help you decide.