pay & compensation

partner retirements and buyouts: today’s 24 major deal points

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what 80% of firms agree on.

by marc rosenberg
the rosenberg survey

if partner compensation is the single most critical and sensitive aspect of cpa firm practice management today, then a close second is partner retirements and buyouts – the money partners receive for the purchase of their ownership in the firm when they retire or leave the firm due to death, disability, withdrawal or expulsion.

the amount of money involved is quite significant.  roughly 80% of all firms consider the value of the firm to include: read more →

solving the partner compensation puzzle

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start with this 20-item checklist.

by marc rosenberg
author of “cpa firm management & governance“

if you ask the partners, they will tell you that the most critical and sensitive aspect of cpa firm practice management is the allocation of partner income.

because of the sensitivity of partner compensation, firms change various aspects of their allocation system quite often.  for this reason, the smart firms include wording in their partnership agreements on partner compensation that is very short and quite general.  this way, the firm doesn’t have to revise the partnership agreement every time a change is made.

it’s a complicated task. there are seven different systems in use today, three basic tiers, a couple ways firms are calculating bonuses, and at least a dozen other items to ponder and work through.

here is a checklist of decisions that the best firms are making to determine the compensation of each partner:

read more →

accounting firms launch new war for talent

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firms are hiring, and many staffers are thinking about a job change.
get more details, join the survey.

by rick telberg
卡塔尔世界杯常规比赛时间

now five years since the banking crash that forced record layoffs at tax and accounting firms, new survey results from 卡塔尔世界杯常规比赛时间 research show intensifying competition for talent, with more than 42% of accountants reporting that their firms are hiring and about half of all staffers ready to make a move.

chris hatcher
chris hatcher

“there’s a labor shortage out there,” according to chris hatcher, a partner at louisville, ky., baldwin cpas. “finding good talent is hard.” hatcher says baldwin cpas is looking for professionals with ambition, which he defines as an “owners  mentality.”

in this report, 卡塔尔世界杯常规比赛时间 research:

– reports the percentage of firms hiring, cutting or holding steady on headcount in the next six to 12 months;
– gathers comment from a representative sample of professionals on key economic and business trends; and
– analyzes latent discontent in the ranks of staffers,
– propensity to seek a job change, and
– overall confidence in the job market. read more →

accounting industry extends two-year growth trend

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but cpas lag behind non-cpas.

get the accountants’ business outlook: join the survey; see the results.

by rick telberg
卡塔尔世界杯常规比赛时间

screen shot 2013-08-06 at 7.34.21 pmthe tax and accounting industry is extending a two-year expansion by adding 2,500 new jobs in the latest month, according to 卡塔尔世界杯常规比赛时间 research.

in this report:

  • employment trends for the public accounting, bookkeeping, tax and payroll sector of the economy.
  • licensed cpa firms are lagging in growth behind non-cpa accounting providers.
  • employees book more hours.
  • but wage growth gets cut back.
  • more jobs and better pay for higher-paid positions and for men; fewer new jobs and smaller pay increases for women and production workers.
  • cpa firms add to headcounts more slowly than non-cpa firms, grant lower pay increases, and hire back fewer women.

read more →