When I think of August, I think of lazy hot summer days that last from whenever my friends and I wake up to when the streetlights come on — the sign to end summer play and return home for the night. I’m glad I have a head full of sweet summer memories from my childhood that I can linger over in my spare minutes, because minutes seem to be the only free time I have.
Depending on how your dog days are shaping up, you might have children getting ready to return to school, summer vacations wrapping up, another picnic to attend, a home repair project to finish, steaks to put on the grill, a few more trips around the lake on the boat, and some evenings on the front porch while fireflies provide the glimmer as the sun goes down.
As idyllic as that all sounds, there are just as many wind-down-the-summer tasks you should be thinking about for your accounting practice - steps you can take to benefit from days when the workload is lighter and morale is high.
- Remind staff to take advantage of available vacation days before the year slips away from them.
- Contact clients with a checklist for the rest of the year so they will be prepared to work more efficiently with you at year-end and during busy season.
- If you prepare taxes, connect with your extension clients now instead of waiting until the October deadline is upon you.
- Consider your software needs. Assess the programs you used in the product reviews (www.cpapracticeadvisor.com/reviews) provided by CPA Practice Advisor.
- Schedule a fall open house for your clients. Invite them to your office, let them meet the staff, offer refreshments, and provide a short useful presentation or offer a handout with tips for starting a new business, information on retirement planning, advice for financing college education, or instructions for year-end planning.
- Question your staff about flex-time requirements and other needs as their children head back to school.
- Discuss plans for health care benefits now instead of waiting until open season is upon you later in the fall.
- The phrase, “Stop and smell the roses,” might sound cliché, but think about closing your office early or even completely on some Fridays so staff members can enjoy some extra family time before summer ends.
And finally, don’t forget those less fortunate than you. What can your firm do this month for the community?
— Gail Perry, Editor-in-Chief
Follow me on Twitter at @gaperry
Gail is the Editor-in-Chief of CPA Practice Advisor and a CPA. She is the author of over 30 books (including “Mint.com for Dummies” and “QuickBooks 2014 on Demand”) and she maintains a small tax practice. She earned a bachelor’s degree in journalism from Indiana University and studied accounting at Illinois State University before starting her professional career at Deloitte. Gail is the former publisher and editor-in-chief at AccountingWEB and is a former columnist for the Indianapolis Star newspaper.