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CPA Firm Partner Compensation: The Art and Science

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…factors, though certainly not rocket science, is not easy and is fraught with complexity. It’s an art. – Marc Rosenberg, CPA About Marc Rosenberg, CPA CPA Trendlines commentator Marc Rosenberg……eternally searched for an income allocation system that is the fairest of all, makes everyone happy, is easy to administer and rewards performance. From Marc Rosenberg’s proprietary consulting handouts to……firms throughout a consulting career spanning more than 20 years. Accounting Today magazine annually acknowledges Marc Rosenberg as one of the 100 most influential people in the CPA profession, and…

Making Mergers Work: Special Report [eBook]

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…partner coaching. Click here for more by Gary Adamson Marc Rosenberg, CPA, is a nationally known consultant, author and speaker on CPA firm management, strategy, and partner issues. President of……has consulted with hundreds of firms throughout his 20+ year consulting career. Accounting Today has acknowledged Marc Rosenberg as one of Top 100 Most Influential People in the CPA profession……successful post-merger business integration before the contracts are even written. August J. Aquila advises caution and provides a 24-point checklist for “the morning after” the contracts are signed. Marc Rosenberg…

Making Partner: 15 Steps to the Buy-In

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ALSO: Common practices, impact of ownership percentage and alternate buy-in methods.

By Marc Rosenberg
The Rosenberg Practice Management Library

Let’s go over structuring a new partner buy-in step by step.

MORE: Making Partner: Do the Math | There are Two Kinds of Accounting Firms | How to Get Promoted to Manager | The 17 Rules for Making Partner at a CPA Firm
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We’ll start by calculating goodwill. And we’ll finish with signatures. READ MORE →

Making Partner: Do the Math

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Man looking at 5 keysFive times when ownership percentages shouldn’t come into play… and alternatives.

By Marc Rosenberg
The Rosenberg Practice Management Library

Accepting a partnership invitation offers two terrific, lifetime benefits to new partners that, for most people, cannot possibly be matched in any other career pursuit.

MORE: There are Two Kinds of Accounting Firms | Drive Your Profits with Only Four Metrics | A Crash Course in the Business of Public Accounting | How to Get Promoted to Manager | How to Create a Path to Partner | Making Partner: What Managers Need to Know | The 17 Rules for Making Partner at a CPA Firm | Who Shouldn’t Be a Partner? | Nine Reasons People Are Promoted to Partner | How to Make Partner?
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If they don’t see this and agree with it, then perhaps it would be unwise for them to accept the partnership offer.

Let’s do the math.
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44 Hard-Earned Tips from New Managing Partners

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https://cpatrendlines.com/2021/07/08/advice-from-new-managing-partners/

Everything from gaining credibility to where to turn for help.

By Marc Rosenberg
The Role of the Managing Partner

The toughest lessons for new managing partners have nothing to do with taxes, accounting, or even textbook management. It’s all about people – such as people issues and handling partners, according to our straw poll survey of a handful of top-flight firm leaders.

We gleaned comments from 10 relatively new managing partners. Eight are from firms with revenues from $10 million to $30 million and two are from $5 million to $10 million firms.

MORE: Partner Compensation: A Potent Weapon | The Managing Partner’s Secret Weapon | How a Good Managing Partner Impacts Profitability | How a Great Managing Partner Impacts Firm Growth | Clarify Partner Expectations | Exceptional Managing Partners Offer Their Advice
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We posed three questions to the new managing partners:

  1. What advice would you give a new managing partner?
  2. What were your greatest challenges when you became a managing partner?
  3. If you had to do it over again, would you approach your ascension to the managing partner job differently? In what ways?

Their responses tell us as much about how to do the job well as how to fail at it.

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