Post tax season
Anyone still going fairly strong? I still have a lot of extensions to work through as well as my business accounts to take care of. Post tax season I schedule from about 8 am to about 2 pm unlike in tax season where I start at 5:45 am and go late into the evening.
Client coming in here in a few minutes or so but not really looking too forward to this one.. Normally when I do an 1120-S, an 1120, or a 1065 I am running the general ledger throughout the year, doing one month at at time as the year progresses, keeping a clean Balance Sheet and a clean Income statement. So when January rolls around all I have to do is run December books and I can then knock out the 1120/S/1065 in about 20 minutes since I have perfect financial statements.
Well, this client coming in at 9:45 uses QBO. He runs his daily activity himself and he tells me the books are clean. Why am I skeptical? Well, I have seen so many self prepared Balance Sheets with accounting blunders including having a negative balance in checking, accumulated depreciation which is more than the corresponding fixed asset, zero wages paid on an S corp, and the list can be endless. So a 20 minute 1120S, which is my goal may very likely turn into a multi-hour clean up of the books. If this turns into that I am not going to be happy, even though I will be charging for it; just not the type of work I like to do at this stage in my career.

