{"id":57407,"date":"2019-01-22t12:00:43","date_gmt":"2019-01-22t17:00:43","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=57407"},"modified":"2024-10-01t09:35:48","modified_gmt":"2024-10-01t13:35:48","slug":"2019-the-new-dynamism","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/01\/22\/2019-the-new-dynamism\/","title":{"rendered":"2019: how partner greed kills firms"},"content":{"rendered":"

\"\"partners must take a hit to personal incomes to re-invest in their firms. or face obsolescence and slow death.<\/strong><\/p>\n

by rick telberg<\/em>
\nthe rosenberg national map study\u00a0<\/a><\/em><\/p>\n

so far, profitability is way up. at the large\u00a0firms (those with at least\u00a0$20-million in annual billings)<\/span>, income per partner averages $635,000. the highest earners are pocketing about $1.2 million. even the lowest-paid partners average of $282,000.\u00a0but how long can that go on?<\/p>\n

more from the map survey:<\/b>\u00a02019: more focused training<\/a>\u00a0|\u00a02019: expect more alliances<\/a>\u00a0|\u00a02019 trends: client service changes<\/a>\u00a0|\u00a02019: shifts in hiring & office space<\/a>\u00a0|\u00a02019: firms grapple with change<\/a>\u00a0|\u00a0staff policies improve, but not mentoring<\/a>
\n\"goprocpa.com\"exclusively for pro members.\u00a0<\/span><\/strong>
log in here<\/a>\u00a0or\u00a02022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

the always insightful and provocative allan koltin, of koltin consulting, warns: partners must invest in something besides themselves \u2013 if they want their firms to survive.
\n<\/p>\n

koltin, whose thoughts and observations are included in\u00a0the rosenberg survey: national study of cpa firm statistics<\/a><\/em>, says that profitability may have to take a hit with the advent of artificial intelligence and ever-increasing pay rates for top talent.<\/p>\n

to the extent economics reaches into virtually every aspect of human existence, the changes inevitably circle in on accounting firms.<\/p>\n

\"\"
koltin<\/figcaption><\/figure>\n

innovation costs money, and innovation in artificial intelligence costs big money. nobody knows how much money. firms are going to have to spend money just to find out how much they\u2019re going to have to spend.<\/p>\n

innovation also requires leadership and collaboration. toward that end, koltin observes, cpa offices are rethinking space requirements and office configurations.<\/p>\n