Tax Insights

Your Guide to State, Local, Federal, Estate + International Taxation

The New Busy Tax Season

Being new to the accounting profession, I have not technically experienced a totally “normal” busy tax season. Last year, I was an intern, still in school, and trying to learn as much as I could. What I did not know is that I would be learning right along side everyone else due to the new tax law. It was a learning experience, not only for me, but for everyone in the accounting industry.

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With a 1040 the size of a postcard and all the new rules and changes that were not necessarily clear and understandable, the new tax law made our 2019 busy season one to remember. Fast forward to January of 2020 and I have been working full time at Henry+Horne for about seven months now. Being a full-time associate rather than an intern comes with a new set of standards and expectations. It means a larger workload, more hours, and more responsibilities. I had been learning new things throughout the summer and was ready to put them to use in my first real busy season being a full-time associate. Little did I know, or the rest of us know, that what I had learned over the summer and off-season was not going to prepare me for what was about to happen.

When the global pandemic broke out, there was a lot of uncertainty. We did not know what was going to happen or what the next day was going to hold. All we knew was that we still had an April 15th deadline to meet and that was what we focused on. Around the middle of March, with the end of busy season in sight, the tax deadline got extended to July 15th. On top of that, we were instructed to pack up our things and work from home for the safety of those around us. So, we grabbed our things and headed home, not knowing when we would return.

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Each busy season comes with its own set of challenges, but none of us could have expected this to happen. I do not know if busy season is ever “normal”, but from what I have heard and experienced, these past two busy seasons have been quite memorable and ones we will never forget.

As always, we are here to help. For more information and resources on COVID-19, see our coronavirus page. Feel free to contact your Henry+Horne tax adviser with any questions.

Laine Sperbeck