IT Efficiency Tips for CPA Firms

IT Efficiency Tips for CPA Firms

Recently, a panel of Chicago area IT experts addressed my small firm roundtable group.  We were privileged to have with us Terry Beyersdorfer, Director of IT at ORBA, a $20M firm and Matt Schoenfeld, who manages the IT strategy and … Continued

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Transparency and Partner Compensation

If you ask 10 different people to define one of today’s buzzwords – transparency – you will get 10 different answers.  This post addresses “transparency” as it relates to a CPA firm compensation committee. Transparency defined Expectations of transparency applicable … Continued

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Legal Issues for Small CPA Firms

Legal Issues for Small CPA Firms

Recently attorney Peter Fontaine spoke to my small firm roundtable group about legal issues relevant to practices of their size. Fontaine is the founder and Managing Partner of NewGate Partners, a provider of legal services exclusively to the public accounting … Continued

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Don’t Let Retired Partners Double-Dip

Don't Let Retired Partners Double-Dip

Question from a Reader:  What are your thoughts on partners wanting to work for the firm in a non-partner role after they retire, who continue to control “their” clients while receiving deferred compensation and a salary for their work? Response:  … Continued

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CPA Firm Retirement Vesting: You EARN It

CPA Firm Retirement Vesting: You EARN It

Over the years, I’ve helped many firms devise new partner buy-in systems. Several aspects of a standard partner agreement may initially strike new partners as onerous, unduly restrictive and unfair, simply because they have little experience with CPA firm agreements. … Continued

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