POST-TAX SEASON RELIEF AND DEBRIEF



By Lindsey Anderson, CPA

Senior Manager, Tax and Accounting Services

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As a taxpayer, you can finally exhale — tax season is behind you. Maybe it's time to take that Memorial Day weekend getaway. But before fully shifting into summer mode, it's smart to use this post-season window to reflect and make changes that will better position you for next year.

Here are some steps to take during this post-tax season period:

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QUESTIONING IS GROWING

By Lisa Purichia

Partner, Director of Accounting & Retirement Plan Services

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After hearing about the genetically engineered dinosaurs in Jurassic Park, Dr. Ian Malcolm tells the park's owner, "Your scientists were so preoccupied with whether or not they could that they didn’t stop to think if they should." The same could be said of businesspeople in this "just do it" culture.

Take Lego in the early 2000s, for example. In response to the rise of digital toys, the company quickly branched out into different markets — such as software with Lego Movie Maker, learning concepts with Lego Education and clothing with Lego Wear. However, this movement didn't help Lego stay ahead of the competition. As then-CEO Jørgen Vig Knudstorp said, "Suddenly we had to manage a lot of businesses that we just didn't understand. We didn't have the capabilities, and we couldn't keep up the pace."

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