the missing link: developing your people to achieve profitability

painter
painter

how traditional cpe fails firms, employees, and the cpa profession.

by stacey painter
loscalzo associates ltd.

as a provider of continuing professional education who travels around the country lecturing at cpa firms large and small, there is one constant topic that i hear regardless of firm size: “we struggle with hiring and retaining employees – particularly after the two-year mark.”

this problem is not new – we had the same issues when i started my cpa career at an accounting firm 26 years ago. what is new however two decades later, is history showing us over and over again that the process of retaining employees begins well before a person is hired. and once hired, comprehensive on-going training that combines behavioral and technical components is critical to the success (profitability) of a firm.

read more →

managing partners: how to elect them… and fire them

midsection of businessman moving out with cardboard box from officeand why a five-year term is ideal.

by bill reeb and dominic cingoranelli

often, firms elect a managing partner with a majority vote, but to dismiss a managing partner within their elected term requires a higher vote, commonly two-thirds of the equity vote. in some larger firms, the people running for managing partner might not be eligible to vote in this process, but in many others, everyone can vote.

more on performance management: the job of managing partner: empowered or emasculated? | how the best managing partners turn ideas into reality | make accountability a process | accountability requires clear expectations | base retirement on today’s operations | how involved should retired owners be? | how to find a partner’s replacement

the reason why everyone should be allowed to vote is simply that the smaller the firm, the more likely that removing the candidates being considered for the position puts too much control in the minority ownership of the firm. for example, consider the following six-partner firm scenario:
read more →

payroll workers still on a roller coaster

cpatrendlines jobs report tiltindustry employment rises, with women seeing huge gains.

what it takes to succeed in today’s profession:
join the survey; get the answers

by 卡塔尔世界杯常规比赛时间

industry hiring is moving ever higher but wages aren’t keeping pace, according to new 卡塔尔世界杯常规比赛时间 research.

sole practitioner joshua giminez of fair winds tax and financial and columbus counted himself among those in a the latest 卡塔尔世界杯常规比赛时间 survey probably willing to consider a new job and keeping his eyes open. “opportunities to increase my income level abound,” he explained.

numbers are growing in nearly all sectors of the tax and accounting industry, with women in particular advancing 5.9 percent annualized and even higher in cpa firms and payroll.

yet, payroll remains volatile. workers are finding more opportunities, with 9.7 percent growth, but hourly pay for staff is off by 6.6 percent.
read more →

how committees kill firms

businesswoman working at deskwhy managing partners need to be accountable.

by bill reeb and dominic cingoranelli

as we have said so many times before, everyone likes the idea that “i” will hold “me” accountable. but few like the idea of “anyone else” holding “them” accountable.

more on performance management: the job of managing partner: empowered or emasculated? | partners as role models: the good, bad & ugly | managing the managing partner | pay varies when performance varies | accountability is for everyone | who decides what? | cpa firm performance assessments: 15 core competencies, 21 questions

so, once it is decided that accountability is important and someone needs to be responsible for implementation, the discussion quickly shifts to “let’s form a group of people, like an executive committee or a compensation committee to hold us accountable.”
read more →