Is Your Accounting Firm’s Partnership Model Broken?
What’s holding CPAs back from increasing the percentage of their revenue from advisory services (vs. compliance work)? In part, it’s the partnership model that’s so pervasive in the profession.
equity partners
Women Reach Partner in 43% of Small Accounting Firms
The highest ratio of female partners (43 percent) falls within the firm category of 2-10 CPAs, while the lowest (20 percent) is associated with the largest firms of 100-plus CPAs, the AICPA CPA Firm Gender Survey found.
Are Non-Equity Accounting Firm Partners Really Partners?
Prior to 2015, as corroborated by the AICPA staff, the Code of Conduct was not clear on this issue, even though firms by the thousands had adopted the non-equity position.
How Much Should Accounting Firm Managing Partners Earn?
Although comp formulas are frequently considered performance-based, most fail to measure anything beyond production metrics, and largely ignore performance intangibles such as firm management, mentoring staff, teamwork and loyalty.