Tax season lessons show success alone is no cure for stress.
Check the Stress-O-Meter, get the benchmarks.
by Rick Telberg
At Large
Just because you’re one of the best accountants in the business doesn’t mean you don’t lose sleep at night. In fact, achieving the highest level of performance in this profession can actually add to your worries, even as it adds to your bank account. Take a look, for example, at some of the data we’re examining from our Tax Season 2007 survey.
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Key Indicators: 39% stressed out; 53% call it a ‘worse’ season; but financial benchmarks look strong. What’s the story? Read the comments for some clues.
Looking back on the busy season, 39% of practitioners are reporting that they suffered at least “Frequent or Constant Stress,” including 11% who said they were “TOTALLY CRAZED!”
What’s cause of the stress?
Some comments:
>>>A few clients that were slow pay. Hired new employee with little tax prep experience
>>>As always, last minute clients dropping off records for 2006. Then, expecting us to complete it overnight. That is the only thing that seems stressful.
>>>Balancing work load, training, and client demand
>>>Change in Louisiana tax credit for Insurance
>>>client demands
>>>Client expectations/too much work
>>>Client pressure for completion of returns.
>>>Client that was overly demanding.
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The late Charles Shulz was famous for being the creator of the comic strip “Peanuts.”
But he came up with a pair of little quizzes once that he used to put into perspective who the real heroes in our lives should be. Invest a minute or two in these two:
Here’s the first quiz:
1. Name the wealthiest person in the world.
2. Name the last Heisman trophy winner.
3. Name the last winners of the Miss America contest.
4. Name a person who won a recent Nobel Prize.
5. Name the last Academy Award winners for best actor and actress.
6. Name the last World Series winner.
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