A lot depends on what type of firm you have.
By Marc Rosenberg
Retirements & Buyouts
The only reason why goodwill benefits are paid is for retention of the clients after the retiring partner exits the firm. A logical extension of this premise is that, if a retiree’s clients don’t stay, there is no basis for paying the money.
Beating the rush to front-end scanning.
By Roman H. Kepczyk
Quantum of Paperless
Most tax clients will continue to deliver their organizers and supporting tax documents to firms on paper.
So firms are learning quickly how to effectively scan and manage those tax documents at the lowest possible cost.
Tech advice for everyday use.
By Ed Mendlowitz
The CPA Trendlines Practice Doctor
QUESTION: I always like to take notes on the handouts when I attend CPE programs. Now all the handouts are provided digitally and it forces me to sometimes print out as much as 400 or 500 pages before I go to the program. How can I get the sponsors to provide printed copies?
RESPONSE: Things change. What worked yesterday doesn’t always work today. READ MORE →
Turnover, growth, income per partner all affected.
Where your firm is based can make some big differences in how much it makes, how much its partners are paid and how employees often come and go to and from the firm, according to the new “The Rosenberg Survey: The National MAP Survey of CPA Firm Statistics.”
And two considerations for the working partners.
By Marc Rosenberg
Retirements & Buyouts
The vast majority of firms pay retirement benefits over a 10-year period. We occasionally see five to seven years at lower payout levels.
Some firms under $10 million adopt five-year payouts for goodwill, reasoning that because five-year payouts are common for the purchase of a CPA firm, the same term should apply to their own buyouts.