Partnerships

I have been in my own practice a long time and figured out early on that if I never lost a client, I would do pretty well.

Small and midsized CPA firms that are striving to stay independent need to avoid the potential “sand traps” that can stump their growth and eventually threaten their independence.

The top firms are getting larger, stronger and better by gobbling up small and midsized firms, making it tougher to compete for talent and clients.

As this unusual year comes to an end, many firms will be divvying up profits and assigning new partner salary or draw amounts for 2021. That could lead to conflict.

The enforcement push comes after years of persistently low examination rates.

It's time to re-evaluate the structure of your accounting firm’s wealth management practice.

The Internal Revenue Service released an early draft of the instructions with revised directions for how partnerships should report capital accounts and tax basis capital for partners on Schedule K-1.

If you are, you are guaranteed to have a plan that will fail to deliver on your future vision.

Aligning with other practices and business professionals has become more critical than ever before.

Strategic planning is misunderstood in most small and midsized CPA firms.