CPA Practice Management

Partner Compensation – Common Points of Confusion – Part 4

242.58 KB
Previously we reviewed the goal setting process, including which person or group should orchestrate which parts of it. Now we will conclude the discussion by walking through the financial side of assessing...

Partner Compensation Part 1

119.31 KB
“Eat What you Kill” versus “Building a Village” Re-designing Your Partner Compensation Plan One of the most difficult areas in a firm to address is partner compensation. This creates a significant...

Partner Compensation Part 2

177.11 KB
“Eat What you Kill” Partner Compensation Plan In my last column, I discussed the differences between the “Eat what you Kill” versus the “Building a Village” models. In the next few columns,...

Partner Compensation Part 3

178.26 KB
In my last two columns, I focused on some fundamental compensation issues found in an “Eat what you Kill” (EWYK) partner compensation model. Logically, an EWYK formula focuses on taking care of the...

Partner Compensation Part 4

225.77 KB
"Building a Village" Partner Compensation Plan My last three columns have focused on some fundamental compensation issues found in “Eat what you Kill” (EWYK – often called a Silo Model were there...

Partner Compensation Part 5

231.18 KB
Building a Village” Partner Compensation Plan During our last column, we discussed ways to make the necessary equity adjustments to compensate successful “Eat What You Kill (EWYK)” superstars for...

Partner Compensation Part 6

337.93 KB
During our past 5 columns on Partner Compensation, we have discussed: The Eat What You Kill (EWYK) model of operations and how that impacts Partner Compensation The most common criteria used in EWYK partner...

Partner Roles and Responsibilities – The Key to Firm Growth

154.46 KB
Whether you simply desire to improve your firm’s operations, or identify and implement a new long-term strategy, you need to be clear about the role that the owner(s), partners or shareholders should...

Partner Roles And Responsibilities Part 1

125.34 KB
I thought I would step back this month and share with you my general definition of a partner’s roles and responsibilities. While I am not suggesting that this is the only effective definition of a partner’s...

Partner Roles And Responsibilities Part 2

175.23 KB
More on Partner Roles and Responsibilities As promised, this column is a continuation of my last column on partner roles and responsibilities. Because of the focus of my discussion below, I need to add...