Some Accountants Spend Weekends Doing Taxes for Free

Some accountants make tax season even more hectic by taking on the tax returns of friends and family members, often at no charge.

Jennine Anderson, for example, who works at the PCA Group in Columbia, Md., spends her limited personal time preparing tax returns for her three children, their spouses, her sister and her father. She does the work at no charge. "Some people may charge, but I surely don't," she told the Baltimore Business Journal.

And she is far from alone, the newspaper reports.

Many tax accountants take on tax preparation work for their immediate family or close friends. If they do get out of the office during tax season, they are often bombarded by questions everywhere–at parties, on the soccer field or in the grocery line.

Some firms don't like their accountants to do outside tax work for fear that their signature could be perceived as the firm's approval of the tax return. Some accountants do their friends' and family members' returns in the office at a discount. Other firms will allow employees to use the office to prepare taxes at no cost for a family member or two.

Anderson said she works six long days every week during tax season, like most tax accountants, but many say they enjoy the camaraderie, the face-to-face contact with clients and the flush of accomplishment that the flood of work can bring. The hard work and long hours, they say, is worth the Sundays spent thumbing through documents and staring into a computer.

“Usually, accountants don't learn how to ski,” Anderson said.

You may like these other stories...

Tesco accounting probe finds “inappropriate behavior” by staff – reportsClare Hutchison of Reuters wrote on Sunday that an investigation into a 250 million-pound ($402 million) profit overstatement at...
Did you ever feel as if you're preparing taxes in the Twilight Zone? You may be more right than you think. Each year, professional preparers all over the country have to work in a shadowy reflection of the normal tax...
The split over convergenceDavid M. Katz of CFO wrote an interesting article on Thursday about the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) backing away from their...

Already a member? log in here.

Upcoming CPE Webinars

Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.