Good service needs to be rewarded as much as business development. By August Aquila It seems like no matter what the topic is at partner meetings, it always reverts to compensation. There isn’t a partner out there who is not interested in his or her compensation, and maybe even more interested in what the other partners make.
The 9 essential elements for a successful partner comp plan. By Robert J. Lees and August J. Aquila Creating the Effective Partnership Every compensation plan should be constructed to help the firm achieve its strategic goals, including servicing its clients and attracting and retaining the right people.
The U.S. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, adding jobs faster than all but a handful of sectors, according to CPA Trendlines sources. Here CPA Trendlines 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.
One-third of U.S. accountants work at home, on their own, moonlighting. Here are their biggest issues and best tips… Get more when you join the survey, get the results. By Rick Telberg CPA Trendlines If you’re reading this at home, or on your own time, you’re not alone. Today more than one-third of accountants are already moonlighting in “side” practices or home offices – especially during busy season, according to a CPA Trendlines survey of almost 800 accountants.
Today’s best career advice: join the survey; get the answers. What’s your mentoring story? by Rick Telberg At 20 years old, the world was a blank canvas with vast opportunities for Sal Inserra. He thought he knew exactly what he wanted in life. “Until,” he once told me, “I was set straight.” Like many CPAs, Sal owes much of his career and success to a few key mentors who guided him early on. Today — as the kids head back to school and college, and as the rest of us wind up our summers and look ahead to the fall — it may be a good time to salute the mentors who help steward a great profession to the next […]
Finance sector jobless rate falls to 4.7% from recession high 7.7% With the job market strengthening, career opportunities for finance, tax and accounting professionals are widening to places like Seattle and Phoenix, beyond traditional financial industry centers like New York according to a new study. The full list of the Top 10 cities to find a finance job: Dallas, TX Houston, TX San Francisco, CA Irvine, CA NYC & Long Island Atlanta, GA Seattle, WA Richmond, VA Chicago, IL Phoenix Source: Accounting Principals Says Jodi Chavez, senior vice president, Accounting Principals: “As the economy improves and most sectors are seeing improvement, finance professionals’ options are also growing.”
“Get along with people” is the wisdom of age. But apparently it takes a lifetime to learn that. Retired CPAs are virtually unanimous: The ability to relate to people, get along and communicate are the most important ingredients to a successful career in accounting, according to most CPAs, especially retirees. But not as many new and aspiring CPAs understand. Bay Street Group’s CPA Trendlines research shows that most CPAs agree on six keys to success: Relating to people Integrity and good character Constant, life-long learning Up-to-date technical knowledge Knowing how to balance life and work, and Making the right connections. In this question, we asked 890 CPAs: “What are the most important ingredients in a successful career as a CPA?” […]
Including: Managing Partner Evaluation Forms, Parts 1 and 2. By Marc Rosenberg CPA Firm Management & Governance This is really an upward evaluation. Like all upward evaluations, people evaluating the managing partner should be limited to those in a position to offer informed input. This means that at firms of fewer than 10 to 15 partners all the partners will probably want to participate. But once a firm gets beyond 10 to 15 partners, an increasing number of partners may not be in a position to respond to the evaluation factors listed in the form. More CPA Firm Management & Governance: 18 Things Partners Owe their Firms – And Each Other | 17 Ways to Measure a Partner | How […]