So busy season is over and I have survived.
I managed to end the season off strong and have learned many valuable skills in dealing with stress and managing my list of tasks.
Since the company's year end is right around the corner the department has gone straight from tax season to billing season and I have been able to be involved in the billing process for many of the engagements I have worked on.
the stress level has lessened, but since performance reviews are also done during this time other tasks have been put on hold until after this busy time.
I have been told to expect to be more involved in certain engagements in the following months because many of the permanent staff are going on rotation for the summer.
This means that I will gain experience in the whole process of completing a tax return, start to finish. I will be following up with clients and the tax authorities we have dealt with to review and monitor notice of assessments and inquiries.
While some returns still need to be finalized, most of my compliance attention will be focused on Canadian and US tax return adjustments to report the foreign taxes paid in the corresponding country. These are fairly straight forward and since they are simple I have also been helping with assembly and the quality control.
I was also able to be involved in a consulting project our department did regarding income sourcing for someone who had left Canada for a job and decided to stay in the other country permanently. For privacy reasons I wont go into much more detail but I created the spreadsheet that would be seen by the people the managers were meeting with and was able to learn some more in-depth technical information about grossups for tax purposes.
That's all for now!
