introduction.
TL;DR:
- Tax season stressing you out? This guide offers practical tips for accountants and finance professionals to achieve work-life balance.
- Learn stress management techniques, time management strategies, and how to prevent burnout.
- Discover how automated software and long-term strategies can help you not just survive but thrive during tax season.
Burnout in the workplace is not new—but it is worsening.
One in three working-age Canadians experience burnout, which can result in physical and mental health issues and decreased job performance, according to a report from Mental Health Research Canada.
Finance professionals are particularly susceptible. In fact, 58.3% of finance and accounting professionals are burnt out by a lack of work-life balance, and 83.3% feel they don’t have enough time for focused work. And when does this burnout peak? You guessed it—tax season!
Tighter deadlines, longer hours, and demanding clients create the perfect storm for stress. But there's hope! This article provides practical solutions for accountants and finance professionals to maintain a healthy work-life balance, even during the most demanding times of the year.
the tax season struggle: why accountants are prone to burnout.
The accounting profession is notorious for its demanding workload, especially during tax season.
Long hours, high pressure, and constant deadlines take a toll.
It's no wonder that accountants often find themselves at a higher risk of burnout than many other professions.
In fact, a similar study by Mental Health Research Canada and Pollara Strategic Insights found that 39% of finance, legal, and insurance workers reported feeling burned out. This rate is higher than that of education and childcare workers (38%).
One factor contributing to this issue is the inherent nature of accounting work. Accuracy is paramount, and even minor errors can have significant consequences. This need for precision adds to the stress. Moreover, accountants often deal with confidential financial information, which adds another layer of responsibility and pressure.
So here’s what you can do.
manage your time wisely.
So, how do you find the accountant work-life balance needed to make it through tax season with your motivation and sanity intact?
Here are some work-life balance tips for accountants to help you out:
- Use Time Management Apps: Time management for accountants is often as simple as scheduling your jobs throughout the day and making sure you're not wasting time on meaningless tasks. Apps like Todoist can help with task prioritization during tax season, as can project management software like Asana.
- Delegate: If you get set up on Asana (Slack and Monday work just as well), you can start delegating simple tasks to assistants or virtual assistants, whether they're working alongside you or have been hired through platforms like Fiverr and Upwork. Delegating during tax season will keep your to-do list clear while allowing you to focus your efforts on more taxing jobs.
- Try Time Blocking: Break your day down into several blocks and add specific jobs to those blocks, such as "8-10 am: check emails and schedule meetings; 10-12 am file taxes for Client X".
- Set Boundaries: Keeping your private life separate from your home life is key, especially if you work from home. Create clearly defined work and home spaces, making it easier to focus when you're working and relax when you're not—very important for maintaining good tax season mental health.
practise mindfulness.
Stress management during tax season seems like a bit of a contradiction.
Most accountants will just accept the stress, try to power through, and then recover when the chaos has died down.
But you can only get away with that for so long.
It leaves a mark, and year after year, ignoring that stress will leave you prone to burnout.
Practise proactive tax season mental health with these stress management techniques:
- Learn Mindfulness: Mindfulness is all about being more aware of the moment and your body. Take time out to breathe deeply, consider your surroundings, and think before reacting. Meditation also helps.
- Exercise and Eat Well: Move more and eat well. You'll have fewer niggling aches and pains, but more importantly, it'll make you mentally stronger.
- Take Breaks: Good physical and mental health in accounting is tough, as you probably spend a lot of time behind your desk staring at screens and documents. Take a step back every now and then to relax, unwind, and recharge.
- Open Up: Don't hide your feelings. Don't bottle them up. If you're struggling, tell someone. Seek support from your loved ones, and if that's not enough, get professional help.
protect your mental health.
Preventing burnout during tax season begins by understanding the symptoms of burnout, as we discussed in a recent article:
- Feeling increasingly irritable.
- Struggling to sleep despite being exhausted.
- Feeling detached.
- Struggling with self-doubt and a lack of motivation.
- Regularly feeling overwhelmed.
- Questioning your profession and purpose.
You studied hard to get where you are, and you've worked countless hours, but you may feel like you just can't do it anymore.
That's a sign that you're on the brink of burnout.
There may also be physical symptoms, including heart palpitations, chronic fatigue, gastrointestinal issues, and chest pain.
These can be stress-related, but you should always seek medical help just in case, as they could be indicative of more serious physical problems.
Look to your colleagues and supervisors for help. Delegate some of your work, making it clear that you're being pushed too hard.
Get help if it's available—there's no shame in it. Building resilience for finance professionals and accountants is also key and can help with future struggles:
- Celebrate small victories (a snack after a big task, a lie-in after a difficult job).
- Show gratitude for your position.
- Don't ignore positive remarks from happy clients.
- Maintain an organized workspace.
- Remember that you're experienced and good enough to survive any difficulties that come your way.
leverage automated accounting software.
Automated accounting software like QuickBooks, ClearBooks, KashFlow, and Xero aren't there to take your job and can support you in your daily duties.
Embracing technology like this will help to reduce your workload and can maintain a healthy work-life balance for accountants.
Accounting software can do most of the menial tasks that fill your day, leaving you to focus your efforts elsewhere.
It's also a form of indirect stress management, as heavy workloads are one of the main causes of stress in this field.
keep it up after tax season.
The hardest part about achieving long-term work-life balance for accountants is getting started and making it through that first tax season.
It gets much easier after that, as properly managing your time and preventing future stress will become second nature.
Here are some things to keep in mind:
- Keep Going: So, you implement the strategies discussed herein and breeze through a difficult period—now you can think about proper recovery after tax season, whether it comes in the form of an extended break or some retail therapy. That's fine, but don't lose sight of the long-term goal. It's easy to let these strategies drop and slip back into your former routine, only to panic again when the next tax season rolls around.
- Build Boundaries: Now that you have clear boundaries for home and work, start integrating them into everything you do. Make sure your family, friends, and neighbours know that you can't be interrupted when you're working in your home office. If it helps, prepare for each day working from home by showering, eating breakfast, getting changed, and then shutting the door and staying there until the working day is done. Make it a ritual.
- Communicate: Talk more with your colleagues and employers. Get used to sharing more, even if you're just ranting about a new regulation. Join WhatsApp groups, online forums, and any other kind of virtual water cooler situation that puts you face-to-face with people going through the same difficulties day in and day out. It helps to vent to like-minded people.
- Reward Yourself: Treat yourself to a holiday, special purchase, or a night out after a busy week, month, or quarter. It will become an incentive to get through the difficult periods, and it ensures you don't get stuck in a cycle of endless work.
conclusion.
Mental health in accounting is often overlooked, and its problems are massively underestimated, as the emphasis is often on directors and CEOs, and few people spare a thought for the people doing their taxes.
Don't be part of the burnout statistics mentioned at the beginning of this article—practise stress management during tax season, think about how you spend your time, and always consider your mental health.
If you do that, you'll be more resilient and better equipped to deal with the next tax season.
Also, you can always explore more resources on task, time, and stress management and never forget about your mental health!
And, of course, join the Randstad F&A Community for helpful resources and gain a competitive edge in this rapidly evolving landscape.
Here's what you'll gain:
- Connect with Experts: Network with industry leaders, share best practices, and stay ahead of the curve.
- Unlock Career Opportunities: Explore exciting roles in sustainable finance and find the perfect fit for your skills and ambitions.
- Access Valuable Resources: Develop your F&A expertise with exclusive content, training materials, and industry insights.
Join the Randstad F&A Community today and position yourself for success in the next steps of your career.