pay & compensation

cpa firms paying top dollar for talent in nationwide hiring binge

by

pay raises trending
pay raises trending

wages hit new high; hourly rates at cpa firms up nearly 10 percent.

by 卡塔尔世界杯常规比赛时间 research

as the economy adds jobs, the accounting industry is grabbing its share and sometimes more, according to 卡塔尔世界杯常规比赛时间 sources. at the same time, respondents to the 卡塔尔世界杯常规比赛时间 careers and hiring outlook tracking polls show nearly 60 percent ready to jump ship if the right offer comes along.

join the survey. get the results.

in this report, 卡塔尔世界杯常规比赛时间 covers:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry, indicating growth and shrinkage among sectors.
  • average hourly wages for key segments, with trends in employee pay rates.
  • typical hours worked per week, showing utilization and productivity.
  • trends concerning women in the workforce, including hiring rates.

it’s not all about the money.

higher wages aren’t everything, as clearly indicated in the 卡塔尔世界杯常规比赛时间 careers and hiring outlook tracking polls. read more →

clawback and how to handle it

by

bear paw with clawsbear paw with clawsfive-year adjustments may ease partners’ minds.

by marc rosenberg
retirements & buyouts

some firms struggle to agree on the details of a partner retirement plan.

more on retirement: can partners compete after they leave? | disability is far more complex than death | how to juggle tax considerations for partner retirement benefits | mandatory retirement? 4 reasons the firm comes first | you want goodwill payments? give proper retirement notice | vesting can cover part-timers, too | why you’ll get less from your partners in a buyout than you might by selling the whole firm | the multiple of compensation method, fully explained

one of the biggest items of contention is the valuation of their goodwill for internal retirement purposes. in these cases, the partners are anxious about obligating themselves to pay huge buyout benefits.

read more →

partner disability: worse than death?

by

mature male patient playing a mobile on bed in hospital.the willingness to return to work may outstrip ability – then what?

by marc rosenberg
retirements & buyouts

you’ve probably heard the saying “disability is worse than death.” the point is that both death and disability are horrendous, catastrophic events.

more on buyouts: even partner agreements must face death | 6 ways to leave a cpa firm (retirement’s just 1) | how to juggle tax considerations for partner retirement benefits | two ways to retire, and one’s not pretty | mandatory retirement varies by firm size | mandatory retirement? 4 reasons the firm comes first | how to transition clients from retiring partners | you want goodwill payments? give proper retirement notice | retirement plan funding? what funding? | retirement vesting: the devil’s in the details | compromise is in order for some goodwill payouts

but the handling of issues related to death – for all parties concerned – are more straightforward, both personally and financially, than in the case of a disability. read more →

cpa firms hike wages in battle for top talent

by

next question: who’s hiring, who’s not. get the answers: join the survey.

wad of one hundred dollar bills held in hand on green backgroundby 卡塔尔世界杯常规比赛时间 research

with cpa firms locked in a battle for top-level talent, typical wages in the u.s. tax, accounting and bookkeeping industry are advancing at record rates, according to 卡塔尔世界杯常规比赛时间 sources.

in this report, 卡塔尔世界杯常规比赛时间 covers:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry, indicating growth and shrinkage among sectors.
  • average hourly wages for key segments, with trends in employee pay rates.
  • typical hours worked per week, showing utilization and productivity.
  • trends concerning women in the workforce, including hiring rates. read more →

even partner agreements must face death

by

businessman shaking hands with grim reaper5 life insurance questions you should consider.

by marc rosenberg
retirements & buyouts

issues related to the death of a partner should be addressed in the firm’s partner agreement. consider the following:

  1. does the firm wish to accelerate vesting in any manner? does the firm wish to accelerate the payment frequency, vesting or both? partners are often tempted to be generous out of sympathy for the deceased partner’s family. what stops them from acting on this generosity impulse is the cold reality of how expensive this is. as a result, most firms treat death the same as an ordinary retirement.
  2. what must be done to assign the deceased partner’s clients to other firm members and to retain the clients?
  3. to what extent does the firm want to purchase life insurance on the lives of some or all of the partners? if they opt to purchase the insurance:

more on retirement: 6 ways to leave a cpa firm (retirement’s just 1) | how to juggle tax considerations for partner retirement benefits | two ways to retire, and one’s not pretty | mandatory retirement? 4 reasons the firm comes first | how to transition clients from retiring partners | retirement vesting: the devil’s in the details | eat what you kill? then maybe ‘book of business’ is for you

read more →