Week 8: A Little but A LOT
Gianna F -
Hello! I hope everyone had a good week. I am currently on an airplane heading home from our short trip to Connecticut!
This week has been extremely busy for everyone! Two of my planned interviews had to be canceled due to limited availability, so I was not able to create any podcasts this week. I am hoping to push quite a few in the following week. I plan to interview both “The Porch” and “Campgrounds Coffee” along with some family-friendly business entrepreneurs.
At the CPA firm, we couldn’t be busier. I am extremely enjoying this opportunity and I am learning quite a bit about tax forms and the general filing process. We have just finished filing personal extensions. There were almost 700 of these, and roughly 200 of them were filed for clients whose returns hadn’t been started. For most clients who received an extension, our CPA team has to develop estimate payments for every client. Usually, individuals need to pay some portion of their taxes due before the deadline to avoid “late fees.” Beyond extensions, we are in crunch time trying to get as many returns as possible signed/e-filed before the deadline. Unfortunately, my job tends to boil down to putting out fires without much progress. Especially this week because we were short-staffed and I was the “head administrator/processor” for a bit of time. Regardless, being a part of the chaotic process has been an amazing experience! Once the deadline passes, which happens to line up with the ending of my senior project, we have over a month to finish the remaining returns, so we get to slow our pace a little. Additionally, after the deadline, I hope to interview accountants/CPAs to get a first-hand account of their tax year experience!
Anyway, I hope everyone is enjoying their April! Like always, thanks for reading!
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