Partnerships

Unfortunately, almost every firm has a number of partners (usually high-performing partners who are also high-maintenance partners) who either interpret partnership agreement provisions in a way that benefits them in some way or, worse yet, choose to ignore these provisions altogether.

Preber succeeded Mike McGuire, who stepped aside in June and took the title of “CEO emeritus.”

If your firm isn’t actively addressing underperforming partners, you are looking at the world through rose-colored glasses.

A chief accountability officer can improve the functioning of accounting firms.

The service is looking for comments on the proposed forms within 30 days.

The simple answer is no!

Restrictive covenants are the prenuptial agreements of the accounting world.

In accounting, there's no such thing as too much information.

Every year a number of small and mid-sized CPA firms either die on the vine, break up, or merge up if a well-run firm is willing to take them on.

What firm leadership puts into developing the next generation of leadership is what will come out on the other end.

The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1.

While the governance structure of an accounting firm has little immediate client-facing impact, a firm must be well-governed to retain its people.

My previous column, “Female staff are smarter than male staff,” drew a lot of comments and emails indicating considerable interest in this topic. Hence, this additional column.

Why are there far fewer women partners than men partners in CPA firms?

Substantial changes in the regulations for the new global intangible low-taxed income could mean that many more amended K-1 schedules will be necessary for tax practitioners this year.

PKF Texas built a new three-leader management structure to propel growth.

Not all mergers are successful at first — they need tuning up.

Many small and midsized firms don't reach their full potential. Here's why.

Professional partnerships require hard work, according to ConvergenceCoaching founder and leading consultant Jennifer Wilson, who offers solutions for overcoming the stumbling blocks.

Far too many firms still don’t have a functioning plan.