pay & compensation

vesting can cover part-timers, too

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businesswoman with piggy bankpartial credit is an option for those whose schedules vary over their careers.

by marc rosenberg
retirements & buyouts

full vesting age is different than mandatory retirement age.

more on partner retirement: retirement vesting: the devil’s in the details | compromise is in order for some goodwill payouts | when retiring partners take a specialty with them | if clients leave, do you reduce retirement benefits? | three ways to calculate goodwill payable in partner buyouts, none of them great | the ins and outs of aav for goodwill | clients leaving? time to reduce retirement benefits | how to set terms and limits for goodwill payouts | partners may balk at guaranteeing retirement obligations

these two ages are similar, but most firms treat them differently. for instance: read more →

retirement vesting: the devil’s in the details

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money rolland two common methods fully illustrated.

by marc rosenberg
retirements & buyouts

vesting of retirement benefits is not unique to cpa firms. but vesting concepts for accounting firms are somewhat unique and are important to understand.

more on buyouts: compromise is in order for some goodwill payouts | when retiring partners take a specialty with them | if clients leave, do you reduce retirement benefits? | why you’ll get less from your partners in a buyout than you might by selling the whole firm | three ways to calculate goodwill payable in partner buyouts, none of them great | eat what you kill? then maybe ‘book of business’ is for you | the multiple of compensation method, fully explained | the ins and outs of aav for goodwill | 5 points to consider when paying out goodwill | clients leaving? time to reduce retirement benefits | how to set terms and limits for goodwill payouts | 4 ways to decide how to pay out capital | partners may balk at guaranteeing retirement obligations

employee retirement plans are intended essentially as “savings programs” that people can take with them when they leave the firm, even if they depart well in advance of a normal retirement age. when there is employer matching, vesting provisions are common, and vesting is fairly rapid. in contrast, vesting in partner retirement plans is intentionally slow.

read more →

when compromise is in order for some goodwill payouts

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businessmen standing on dollar billtwo ways to deal with the loss of a major client.

by marc rosenberg
retirements & buyouts

sometimes you need a creative compromise for dealing with the issue of linking client retention with goodwill benefits.

situations that could cause a firm to factor in lost clients in calculating goodwill benefits include:

  1. client loss, regardless of who is at fault.
  2. non-traditional services that were not institutionalized and hence, left the firm with the lead partner.
  3. loss of a significant client.

read more →

when retiring partners take a specialty with them

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businessman sitting on scales with stack of coins in other traynon-traditional services must be ‘institutionalized’ to be valuable.

by marc rosenberg
retirements & buyouts

the only reason firms pay goodwill-based retirement benefits is to retain the clients managed by the retiring partner.

more on partner buyouts: if clients leave, do you reduce retirement benefits? | why you’ll get less from your partners in a buyout than you might by selling the whole firm | eat what you kill? then maybe ‘book of business’ is for you | the multiple of compensation method, fully explained | 5 points to consider when paying out goodwill | clients leaving? time to reduce retirement benefits | partners may balk at guaranteeing retirement obligations

if a firm were 100 percent certain that all of a retiring partner’s clients would leave the day after the partner settled in at the retirement community, i doubt the remaining partners would be terribly motivated to sign any retirement checks. read more →

we’re back! tax and accounting employment hits new high, surpassing january 2008 peak

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it’s a 1.8 percent hike from boom times. we’ll take it.

tax, accounting and bookkeeping employment, through january 2015
tax, accounting and bookkeeping employment, through january 2015

the u.s. tax, accounting and bookkeeping industries have fully rebounded, surpassing the previous january 2008 peak, according to 卡塔尔世界杯常规比赛时间 sources.

here 卡塔尔世界杯常规比赛时间 reports on:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry.
  • average hourly wages for key segments.
  • typical hours worked per week.
  • and trends concerning women in the accounting workforce.

while cheering the recovery, the new employment trends represent intensifying competition for talent, as well as clients.

read more →