salary

seven steps to enforcing accountability among your firm’s partners

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making partner in an accounting firm is not what it used to be.

by rick telberg

traditionally, becoming a partner in a cpa firm meant the end of a long, hard slog of grunt work and extended hours. but in today’s competitive environment, making partner is only the beginning of a new chapter of risks and challenges. and the work isn’t getting any easier.

august aquila, ceo of aquila global advisors, a full service consulting firm serving the accounting profession.
august aquila, ceo of aquila global advisors, a full service consulting firm serving the accounting profession.

today’s top cpa firm leaders are looking for new ways of building successful, enduring organizations. according to accounting firm management consultant august aquila, the culture of collegiality that gave way to a culture of entitlement is giving way to a new culture of performance and accountability.

“the lack of accountability can have a real impact on a firm’s profits,” aquila says. and with today’s shortage of high-level talent, new pressures to produce value for clients, and a white-knuckled squeeze on profits, holding leaders accountable has rarely been more critical to survival and success.

“but accountability is hard to implement,” aquila says, leading firms to make some common mistakes, like turning it into a checklist, or simply logging more information about evermore-minute activities.

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partner pay off 3% on 1.4% revenue rise

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strong showing from midsized accounting firms through recession. the soon-to-be-released rosenberg map survey of over 400 mid-market cpa firms is expected to show average net income per partner of $354,000, down 3% from the year before. marc rosenberg, the creator … continued

14 clues your firm is headed for merger

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and 5 things you can do about it. by rick telberg the next 15 years could see as many mergers or acquisitions among accounting firms as we’ve seen in the last 100, according to conventional wisdom. the reasons, of course, … continued

cpa net income per partner surges 16%

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(what recession?) the surprising thing about  aomar’s cpa firm practice management survey 2010 is that there were so few surprises. the study turned up very few significant changes between 2009 and 2010. of course, it’s possible that the major metrics … continued

accounting adds 9,400 jobs in january

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bls reports workforce at seasonally adjusted 930,500. january’s 930,500 roster represents a seasonally adjusted gain of about 10%, one of the largest month–to-month changes in recent memory. january’s gain followed a 2,700-jobs gain in december, to 918,4000, a figure which … continued

bls projects strong jobs outlook for accountants

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especially cpas. the new “occupational handbook” from the bureau of labor statistics at the department of labor reports that job growth for accountants and auditors should surpass 20% through 2018. the prospects are especially bright for cpas, according to the … continued

cpa jobs set for surge. but when?

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economists predict demand for accountants and auditors will explode over the next few years. by rick telberg in a report that’s getting a lot of attention from savvy cpa firms and financial services headhunters, the bureau of labor statistics (bls) … continued

cpa career rule 1: no whiners allowed

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accountants get it done, no matter what it takes.

by rick telberg

many accountants and finance managers, faced with the pressures of a tough business environment and now the upcoming busy season, say they are working harder than ever. read more →

salary offers to new accounting grads hit the wall

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compensation for accounting majors rises less than 2%. the staffing crisis is so-o-o-o-o over. the overall average salary offer made to 2009 bachelor’s degree graduates is $49,353—nearly identical to the 2008 average of $49,300.