The Totals Are In
The 2009 Tax Season is over, and my personal totals are in:
- 57 Individual income tax returns
- 4 Corporations (2 C and 2 S)
- 8 Partnerships (all LLCs)
- 2 Trust/Estates
- 1 Non profit
72 returns isn't a lot for many professionals, but it is about 69 more than I really want to do. The only ones I really want to do are mine and each of my kids.
1040 #57 didn't arrive until this morning. The day started with the client getting me their 2008 1040. I had one of our staff pro forma it. Then the rest came in dribs and drabs over the day. Finally said enough at 3:00 pm and we did the efile. Told the client we'll amend when he has the rest of his information.
Why do I do this to myself? I'm an auditor after all.
I keep saying that I'd like to give all of this to someone else, but we are a boutique firm - SEC audits and franchisor audits are probably 90% of our practice. I don't have any one in my firm who can handle this. Personally, I hope our audit practice continues to grow to the point where I can limit myself to those three returns. We'll see.
Joel M. Ungar, CPA is a lifelong resident of the Detroit area and a graduate of The University of Michigan. He is a principal with Silberstein Ungar, PLLC, a Top 15 auditor of SEC public reporting companies. Joel writes observations on different matters and especially on working with and using LinkedIn. He thinks he has a sense of humor.