Daily Archives: April 9, 2015

Busy Season 2015: Comprehensive Coverage

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In case you missed it… In this directory, CPA Trendlines compiles complete coverage of the 2015 busy season. IRS Seeks More Tools to Fight Refund Fraud FY 2016 budget provisions would expand authority for regulation, correctable errors. Workflow Automation Takes Root in … Continued

Mandatory Retirement Varies by Firm Size

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Senior businesswoman holding portfolioPractices between “large” firms and smaller firms diverge.

By Marc Rosenberg
Retirements & Buyouts

As is the case with many aspects of practice management, mandatory retirement is addressed quite differently depending on the size of the firm. Here is data from a recent Rosenberg MAP Survey:

Percent of firms having mandatory retirement policies for partners:

  • 83 percent for firms with annual fees greater than $20 million.
  • 77 percent for firms in the $10 million-20 million range.
  • 56 percent for firms in the $2 million-10 million range.
  • 21 percent for firms with fees less than $2 million.

MORE ON RETIREMENT: Mandatory Retirement? 4 Reasons The Firm Comes First | How to Transition Clients from Retiring Partners | You Want Goodwill Payments? Give Proper Retirement Notice | Retirement Plan Funding? What Funding? | Vesting Can Cover Part-Timers, Too | Retirement Vesting: The Devil’s In the Details | Compromise Is In Order for Some Goodwill Payouts | When Retiring Partners Take a Specialty With Them | If Clients Leave, Do You Reduce Retirement Benefits?

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