Many of our clients wonder what goes on in our office the other 9 months of the year outside of tax season. For one, we stay busy with business other than tax returns such as bookkeeping, payroll services, and business consulting. Another thing that happens in our “off-season” is our continuing education. To maintain a valid CPA license, a CPA is required to complete a certain number of educational hours each year. These hours, called continuing education, can be completed either online or at in-person tax conferences. This past week, some members of our staff attended the NATP (National Association of Tax Professionals) conference up in Anaheim.
Not only are tax conferences an opportunity to discuss and network with other professionals in the field, they also help familiarize our staff with tax law changes.
While every filing season experiences changes, the 2018 filing season will have farther reaching changes for most clients than the average year. After the Tax Cuts and Jobs Act, the Supreme Court Decision in South Dakota v. Wayfair Inc., and state tax law changes, tax returns could be quite different in the 2018 filing season than they were in 2017. We are spending a little extra time this year ensuring we are prepared to put our clients in the best financial situation possible this upcoming tax season.