Three Steps to Valuing Your Practice for Partner Retirements
There are 76 million Baby Boomers in the United States, defined as those of us born between 1946 and 1964. Accounting firms across the country are full of …
How Much Time Does It Take To Be An Effective Managing Partner?
Most CPA firm partners ask the question a little bit differently. It goes something like: “We have X amount of revenue and Y number of partners, so how many …
Admitting New Partners – Succession Best Practices
As we work through the succession and retirement of senior partners in our firms, a lot of us are also reviewing and updating our internal documents and …
Cover These Bases For Every Retiring Partner in Succession Planning
Every firm is working through the succession maze and dealing with the exit of key partners in the firm. These partners leave holes in the firm that we have to …
What is Your Practice Worth in the 2013 M&A Market?
Tax Season 2013 is over and the M&A frenzy will pick back up again where it left off. So, what is your practice worth? What can you expect whether you are …
Is Your Boat Spinning?
I will first give Bill Reeb due credit for the metaphor. Bill used a slide at a partner retreat that has stuck with me for a number of years. The slide showed …
Partner Compensation Checklist
There is a constant topic of conversation both inside firms and at almost every conference. It is the age old question of partner comp and “how do you do …
Managing Partner 101: Just What Exactly is the Job?
Most of us are thrust into the Managing Partner role in our firms with little or no training or coaching. Who teaches you to be an effective MP? How do you …