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8 ways comp systems get partners to do what the firm needs

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stylized industrial 3d number 8is your firm’s message clear or cloaked?

by marc rosenberg
the rosenberg practice management library

years ago, a senior partner at a 12-partner firm retreat i was facilitating gave us all an “aha” moment: “a partner compensation system is just a way of allocating income among the partners. it’s not meant to be the primary way to manage a firm.”

more: 7 points of a well-crafted partner buyout agreement | take yoda’s advice on strategic planning | buyers name 20 big merger turnoffs | smart tech tips from top cpa firms | 15 amazing organizational tactics to manage a cpa firm | why governing by partner ownership is bound to fail | 6 ways to retain nextgen staff | how to develop a truly progressive nextgen culture | the top 5 concerns of great managing partners | partners: when to speak up and when to shut up
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there are two messages here, one obvious and one that is deeper.
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debunking the demise of the cpa firm

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ai and blockchain aren’t replacing us.

by frank stitely
the relentless cpa

industry pundits subject us to a nonstop barrage of predictions that cpa firms will cease to exist very shortly. you know how much i love our industry pundits, who have never worked a day in a cpa firm. i dislike the ones who have not worked in cpa firms in the last 20 years only slightly less. their predictions are total and utter nonsense.

more: how to thrive as a 21st-century firm | 7 steps to effective project management | wip-ing clients into shape | managing people: the heart of effective project management | beware the leeches and consultants
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

i see two main types of doomsday predictions from our pundit buddies. first, they tell us that artificial intelligence will replace us. next, if ai doesn’t get us, blockchain will.
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how i became a published author

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businessman writing on paperit starts with clients. of course.

by ed mendlowitz
call me before you do anything: the art of accounting

i reached a stage in my career when i thought it was important to write articles. i wrote quite a few and sent them to editors, only to have them rejected. the nice ones wrote back rejections. the not-so-nice never bothered to respond at all.

more: don’t pass up opportunities | when to say no to pro bono work | i used to hate quickbooks | things change | how to be ’the other guy’s accountant’ | why we ‘kill’ to get partnership returns out quickly | becoming an expert in irs collections | high cpa fees should be a client’s goal | how hidden bias taints results
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

i even had articles typed multiple times to send “originals” to various publications at the same time to no avail. at some point, i gave up but decided to write tax letters to clients.
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how to thrive as a 21st-century firm

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computer monitors morph into chain links“professional staff without higher-level skills will be out of the business.”

by frank stitely
the relentless cpa

if you believe accounting industry pundits, artificial intelligence and blockchain will decimate accounting firms the way an asteroid killed off the dinosaurs. but paleontologists don’t think dinosaurs really went extinct. they survived as today’s birds. in the next 10 years, or sooner, accounting and tax firms will evolve from offices full of employees dutifully typing data into workstations to organizers of terabytes of accounting data for our clients.

more: 7 steps to effective project management | how many tax preparers do you need? | how the annual tax meeting died | how to be the chief communicator | 4 steps to take before next tax season
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the pundits are wrong about our extinction. effective project management will prepare your firm to thrive in the 21st century. i’ll take you there in a bit of a roundabout way via the coming of blockchain to the irs.
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who’ll quit next?

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mentor showing project presentation to menteesmart ideas for retaining and developing top talent. 

who’s going to quit next? and why?
join the survey. get the answers

by steven e. sacks
the new fundamentals: practical guidance for today’s accounting firms

professional services firms always have their eyes on the bottom line with as much, if not more, intensity than on the top line. salaries and benefits take up a considerable chunk of resources, and programs designed for professional and personal development are given short shrift, except when it comes to meeting continuing professional education credits.

more: make crap a badge of honor | the holy grail: finding the right talent | the power of ‘real influence’ | stop wasting time in useless meetings | is your firm’s culture a magnet? | outsourcing the c-suite
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the younger professionals – your future leaders – should be viewed as investments. part of that investment is allocating funds for their participation in associations or networking groups, in addition to conferences and workshops that expand their knowledge.
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