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Are big firm CPAs “insecure overachievers”?

Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers,
Own Your Close
Are big firm CPAs “insecure overachievers”?
By Blake Oliver • Issue #73 • View online
Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers, and providers of outsourced accounting services. For more accounting technology updates, tune in to the Cloud Accounting Podcast.

My top story this week comes from the Harvard Business Review. 
Laura Empson has collected data she claims shows that people working at elite professional services firms are “insecure overachievers,” and that firms deliberately target and hire this type of person. 
They work long hours because it’s difficult to measure the outputs of a knowledge worker. So the only way they can stand out is to leave the office last. 
Though they are “exceptionally capable and fiercely ambitious,” they are “driven by a profound sense of their own inadequacy… [that] typically stems from childhood.”
Naturally, the story opens with a quote from a manager at an accounting firm.
For this, and more of the best cloud accounting links I clicked on this past week, keep on scrolling.
Future of the Profession
If You’re So Successful, Why Are You Still Working 70 Hours a Week?
The new tax law hikes the bonus depreciation deduction from 50% to 100% for five years, which appears to be incentivizing firms to accelerate the switch to robotic automation:
Tax Incentive Puts More Robots on Factory Floors
You might think that accounting is immune from the threat of physical robots, but not so fast. EY has started using drones to audit inventory:
Collaboration Tools
Google's G Suite is no Microsoft killer, but still winning converts
Slack adds Target, BBC, E*Trade as clients in enterprise push
Facebook Makes Steady Gains in the Workplace
App Updates
Spotlight Forecasting — Dynamic Rules
Software News
Click the photo for a look inside Xero's new Wellington HQ
Click the photo for a look inside Xero's new Wellington HQ
Sage looks to the future
Artificial Intelligence
How to Get Employees to Stop Worrying and Love AI
Cloud Stories: Trent McLaren
What He Did on His Summer Break: Exposed a Global Security Flaw
Want to start a newsletter? Read this first
Remote Work
Beyond the team retreat: Small things remote companies do to build team culture
My Company Is Killing Anonymous Employee Feedback–Here’s Why
Customer Service
Here’s an excellent example of a terrible client experience caused by hourly billing:
Pieter Levels 🏝
My accountant invoiced me $300 for sending me a print out of a Google search query about sales tax rules. 🤦‍♂️ I wish someone would disrupt accountants, the majority are overpriced bullshit artists more skillful at writing invoices than helping businesses. 🌶
12:28 AM - 1 Feb 2018
Social Media
The 20 Best New Social Media Tools to Try in 2018 and How to Use Them
Bitcoin trader after a discussion with his accountant: ‘F**k taxes’
Thanks for reading, and have a great week!
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Blake Oliver

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