pay & compensation

deciding how to allocate partner income

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gavel resting on $100 bills8 aspects that might fall to your compensation committee.

by marc rosenberg

cpa firms have a habit of making frequent changes – some major and some minor – to their system and methodology of allocating partner income, just as a baseball team tweaks its roster of players during a long, grueling season.

more: principals who aren’t cpas | non-equity partners: why have them? | why you might want an executive committee | buyout when a partner dies | why and how new partners buy in
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

because of this, firms are advised to keep the wording on partner compensation in their partner agreements as general as possible. this avoids the need to change the agreement every time the income allocation system is modified.
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accounting wages set new record

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even as staffing growth hits the skids.

by beth bellor
卡塔尔世界杯常规比赛时间

employment growth in the accounting profession is flattening in many segments, and downright sliding from last year among staffers and in tax prep offices.

more on jobs: accounting salaries hit new highs | tax prep services slash 10,000 jobs as busy season begins | all staffed up? new tax prep hiring stalls on eve of busy season | the myth of the staff shortage | regional cpa firms go head-to-head with big four in talent wars | global talent wars hit home for local firms
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

at the same time, hourly earnings are hitting new highs in several spots.

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

  • current hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the profession,
  • average hourly earnings for each segment,
  • average hours worked per week by segment and
  • trends regarding women in the accounting workforce.

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accounting hiring stalls; salaries hit new highs

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even as firms trim payrolls, especially in tax prep.

by beth bellor
卡塔尔世界杯常规比赛时间

after heady gains, the accounting profession is doing some backsliding. how worried should we be?

more on jobs: tax prep services slash 10,000 jobs as busy season begins | all staffed up? new tax prep hiring stalls on eve of busy season | the myth of the staff shortage | wages up, headcounts down at tax & accounting firms
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

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

  • current hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the profession,
  • average hourly earnings for each segment,
  • average hours worked per week by segment and
  • trends regarding women in the accounting workforce.

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pro member exclusive: all staffed up? new tax prep hiring stalls on eve of busy season

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bonus: our statistical snapshot lays it out in red and green.

by beth bellor

as 2018 opens, the rate of new hiring appears to be stalling, with the rate of tax prep hiring dropping like a stone on the even of new busy season.

more on jobs: hiring and pay trends in tax & accounting | the myth of the staff shortage | what’s the profession going to do with 79,000 new accounting graduates?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

and according to the latest data from 卡塔尔世界杯常规比赛时间 research, women still face rising numbers everywhere they look.

profession job statistics as of january 2018

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

  • current hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the profession,
  • average hourly earnings for each segment,
  • average hours worked per week by segment, and
  • trends regarding women in the accounting workforce.

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solve the partner comp problem

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dial with arrow pointing to word "strategy"now is the time to take a hard look at your partners and your compensation model.

by domenick j. esposito
8 steps to great

let’s take a deep dive into both a firm’s partner mix and its compensation model.

more on strategic planning: 21 questions to help unlock accelerated growth | growth: the difference between the disruptor and the disrupted? | use compensation to shape partner behavior | the importance of m&a culture due diligence | are you attracting the new breed of equity partners?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in a “good to great” research study on high-performing organizations performed by jim collins, it was concluded that the method of compensation, as a causal factor for high and sustained performance, is largely irrelevant. the study concluded that whatever system is in use, it simply must be rational and equitably managed and that high sustained performance is largely the result of doing many things well.
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pro member exclusive: hiring and pay trends in tax & accounting

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卡塔尔世界杯常规比赛时间 finds the industry adding 12,200 new full-time permanent jobs from a year ago, hitting the 8th new consecutive monthly high.

by beth bellor

another 12,200 ftes in the accounting profession? numbers edging up over most of the board? thanks for the holiday present!

more on jobs: the myth of the staff shortage | what’s the profession going to do with 79,000 new accounting graduates? | accounting profession shows steady growth | tax & accounting salaries increase 2.8% | regional cpa firms go head-to-head with big four in talent wars | global talent wars hit home for local firms | how to set your firm apart to recruits
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

卡塔尔世界杯常规比赛时间 finds the industry’s total full-time workforce is expanding at an annualized 1.2% rate as wages advance 3.4%. but there are some notable exceptions.

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

  • current hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the profession,
  • average hourly earnings for each segment,
  • average hours worked per week by segment, and
  • trends regarding women in the accounting workforce.

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never charge by a time unit

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money on one side of scales, watches on other3 flaws with this business model.

by rob nixon

i would love to meet the person who invented time-based billing. i think this person is a complete business moron and i would have much pleasure in highlighting the unethical behavior that this method causes. this is probably the same person who invented write-offs as well. what a complete idiot.

the premise is that if you get the charge rate right and the time to do the job right, then the price is right. nothing could be further from the truth.

more on strategy: feel good about yourself | you can’t lavish time unless you have time to lavish | changing accountants: 2 true tales | your clients on your terms | how much should partners make? | be a history maker | why ‘steady as she goes’ isn’t enough | how to calculate a value price | boost efficiency and your bottom line | marketing must generate leads
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

time-based billing does not value the project. the only value of a project is what the market is prepared to pay for it. i am going to challenge your thinking of time-based billing and encourage you to adopt a new model of value pricing.
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how much should partners make?

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scale with coins on one side, alarm clock on the otherdo they deliver or develop?

by rob nixon

how much should a partner of a multipartner accounting firm be paid? should it be equal pay because you have equal shareholding?

more on strategy: the entrepreneurial accountant: an oxymoron? | how to structure your firm for success | why average project value matters | do your clients want more? | the bizarre habits of accountants | 12 traits of a better you
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

if it is going to be equal pay then each person must pass the checklist of the ideal partner. it’s my opinion that most should not be paid equally.
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accounting profession shows steady growth

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bonus: our statistical snapshot.

by beth bellor

hiring in the accounting profession no longer racks up double-digit increases, but there’s growth in more areas than not.

more on jobs:

true diversity: the next frontier for the accounting industry | wages up, headcounts down at tax & accounting firms | accounting employment creeps back up | tax & accounting industry shows signs of slowdown | cpa firms post 5% growth rate

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

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