What a Partner Retreat Is – and Is Not

What a Partner Retreat Is - and Is Not

A Partner Retreat is NOT…. Just another partner meeting. Partner meetings tend to focus on operational issues: routine matters, solving an immediate crisis. A retreat is a time for contemplation, communicating, brainstorming, going boldly where the partners have never gone … Continued

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Mentoring a Young Staff Person

Mentoring a Young Staff Person

My alma mater, the University of Illinois Chicago (UIC) recently announced a mentoring program and I jumped at the opportunity to participate. It paired alumni with accounting majors still in college. The great thing about this program is that it … Continued

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Benchmarking IT Expenses Revisited

Benchmarking IT Expenses Revisited

An April post on this subject generated many excellent questions. Today we’re following up with additional insights we’ve gleaned since then in response to these queries. Initially, a reader asked how to benchmark IT expenses. We referenced two main sources: … Continued

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How Partners Delude Themselves

How Partners Delude Themselves

CPA firm partners are by and large a straight-shooting bunch. They don’t intentionally set out to deceive themselves – or firm management. But common answers to questions posed to CPA firm partners frequently reflect the way things should be, not … Continued

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The Importance of Ownership Percentage

The Importance of Ownership Percentage

Firms over-emphasize the importance of ownership percentage. We have repeatedly stated this opinion in our blogs and monographs. Taken to extremes, ownership percentage can be used to drive all of the “big 4” partner issues: partner income allocation, partner buy-in, … Continued

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Disruptive Partner Behaviors

Disruptive Partner Behaviors

In more than 20 years of consulting, I’ve observed hundreds of firms in the throes of partner conflict. In fact, when an MP I’m interviewing says, “Excuse me for a moment while I close the door,” I know I’m about … Continued

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