In 2019, 2020, and 2021 (and please, can we all start saying "twenty-twenty-one" for that?), the filing deadline will be Apr 15, no extra days tacked on at the end, and except for 2020, no leap year days either.
Fewer days to get more work done?
smtcpa wrote:By the way Makbo, how else would you say 2021 other than twenty-twenty-one?
smtcpa wrote:I've generally always treated 4/15 as the actual deadline no matter what the real deadline was. Or at least I tried. I am happy to have an actual 4/15 deadline. I am trying to move clients away from the concept of 4/15 being THE deadline anyway, so for me it will have less of an impact as years go by.
CornerstoneCPA wrote:I do not stress myself out and freely tell clients that they may end up being extended. Stress = mistakes = unhappy clients = unhappy CPA = unhappy life. I have yet to have a client object. I know some CPAs that work from end of January to April 15th from 4-5am to at least midnight, 6-7 days a week. That is asinine.
missingdonut wrote:
We are in charge of our destiny. There has been a lot of research into the productivity of knowledge workers as of late, and it's alarming how backward our industry is. We really shouldn't be working 40 hours a week
missingdonut wrote:We are in charge of our destiny. There has been a lot of research into the productivity of knowledge workers as of late, and it's alarming how backward our industry is.
smtcpa wrote:missingdonut wrote:We are in charge of our destiny. There has been a lot of research into the productivity of knowledge workers as of late, and it's alarming how backward our industry is.
I think there is a bit of a Superman/Superwoman mentality in our industry, where practitioners like to get bragging rights for how long they work and at what times they are working. I can't tell you how many times I've seen posts on some of my FB groups at 2am asking who else is still up working hard? Really? They feel the need to brag?
Asinine is right.
CornerstoneCPA wrote:While I understand larger firms can provide ample experience, their billing quotas are also ridiculous. I know a CPA that resigned and went out on her own after being employed for quite a while with a midsize regional firm. When you took her billing quota and divided it by the number of billable hours she was actually able to generate, she was having to work no fewer than 80 hours per week to also accommodate the required non-billable work.
smtcpa wrote:I think there is a bit of a Superman/Superwoman mentality in our industry, where practitioners like to get bragging rights for how long they work and at what times they are working. I can't tell you how many times I've seen posts on some of my FB groups at 2am asking who else is still up working hard? Really? They feel the need to brag?
Asinine is right.
ATSMAN wrote:I have had conversations with other accountants and lawyers stung by the billable hours problem. If you want to rise up to a partnership level unless your relatives own the firm, that will be one of the major hurdles to overcome. When you do the math to what you get paid actually to the actual # of hours worked, you are making around $25 to $30 per hour for a junior associate!
My sister in law quit a firm and went on her own and is much happier now!
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