Burnout has a direct impact on the value of a firm, but because it is intangible, it doesn’t show up on the balance sheet. Just like any other liability, it can take down another intangible, your firm’s morale and good will, without you even realizing it. Over the 20 years I have worked with the accounting profession, I’ve met a lot of CPAs who recognize their burn out for what it is; an indicator that they need to reinvent themselves, broaden their horizons and expand their competencies to embrace more interesting work. I’ve also met a lot of tired, burned out CPAs who have resigned themselves to cope with the status quo until they retire. Read more...