balancing “book of business” is one of the largest stumbling blocks for cpa firms. it is difficult to resolve because it is symptomatic, for most firms, of some real trouble brewing.
the optimum condition for firms to flourish is for books of business to be balanced throughout the firm. from the largest book to the smallest, the percentage gap between them should be fairly small (about 20-25 percent or less than a couple hundred thousand in fees). read more →
payroll hit a new high in hours worked even as hourly wages continue to slide, according to new 卡塔尔世界杯常规比赛时间 research. for payroll staff, numbers and hours are up at about the same rate that wages are down. meanwhile, women keep making huge gains.
in this report, 卡塔尔世界杯常规比赛时间 highlights:
current hiring trends in each of the bookkeeping, payroll, tax, 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.
here is a list of common policies regarding partner/shareholder agreements that we cover with our firms, as well as some common issues that are important to address in the policies.
most of the time when we are called in to work with firms, it is to help them plan for or implement significant change. the dialogue may start out with a general firm retreat, or it might simply be a session devoted to solving a few specific problems.
visionary firms are always looking to make changes long before their operating environment forces them to, from enhancing their ability to compete, making changes to improve profitability, building infrastructure to support succession, upgrading their people development, modifying the compensation process, increasing revenues and more. read more →
want to work 4.2 percent longer but make 8.2 percent less? no? then you probably should avoid a payroll staff position, according to new 卡塔尔世界杯常规比赛时间 research.
women continue to make gains, even hitting double digits in one sector.
the tax and accounting industry’s latest gains mark the 41st month in a row of year-over-year employment expansion, the longest continuous growth streak since the 45-month period that ended october 2008 with the global banking collapse. before that, the longest uninterrupted expansion lasted 93 months, ending september 2001 with the attacks of 9/11.
magid
among those firms expanding their rosters, they’re hiring at the five-person magid stroud accountancy corp., near san francisco.
magid stroud principal sandy magid tells 卡塔尔世界杯常规比赛时间 he’s “seeking qualified applicants, one a seasoned tax-oriented manager and the other a semi-senior.” magid will even kick in a “contribution to your favorite charity if you refer someone whom we hire.”
noeldner
he adds, “we emphasize a team approach to all projects, provide a lot of life-work balance, and provide individually based continuing education.”
they’re hiring in grand rapids, mich. administrative assistant stephanie noeldner tells 卡塔尔世界杯常规比赛时间 that 15-person baker holtz is looking for new people. “i have a job that challenges me and i enjoy,” noeldner says. “i love the people i work with and i work for an amazing company that appreciates their employees.”
adams
and they’re hiring in ridgeland, miss. at 30-person matthews cutrer & lindsay, audit manager shannon adams says, “i’ve been with my company since i graduated college. the top management at my company has been actively involved in helping me succeed in my goals and has given me the support i need. my firm appreciates its employees and values them and their families.”
in this report, 卡塔尔世界杯常规比赛时间 highlights:
– current hiring trends in each of the bookkeeping, payroll, tax, 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.
although we find that an internal ownership transition often can be your best bet, a merger makes sense in many cases. so, if this is the direction you are heading, we’ve highlighted some of the issues below that we think you ought to consider, with the first one being to really take a close and hard look at the compatibility of the organizations courting each other.
if you are going to consider a merger, which firms would seemingly be a good fit for your practice – i.e., your clients and your employees and if, applicable, partners? the better the fit, the more likely you will be able to retain clients and employees, and the greater the chance for overall success of the merged firms. read more →
for at least the past 10 years, the merger market among cpa firms has been pretty active. while the market volume has waxed and waned a little several times during this period, mergers have been a topic in almost every strategic planning retreat we have facilitated.
the managing partner should have a compensation plan unique to that position focused on carrying out the strategic and tactical objectives of the firm.
while there can be some individual performance goals assessed, the bulk of the managing partner’s incentive package and focus should be on overall firm performance. the key here is that you don’t want an incentive system for the managing partner that is overly focused on individual goals because the real value of this position is in driving firmwide change. read more →
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.
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 →
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 →
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.
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 →
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