Key Benchmarks for CPA Firms
Source: CPA Practice Management Forum
A survey of approximately 100 firms in the $11 to $20 million range at the Winning is Everything conference generated the following benchmark information:
| % Yes | % No | Amount | Description | % | |
| Written strategic plan? | 62 | 38 | |||
| Plan shared with everyone? | 71 | 29 | |||
| Personal growth plans for all? | 62 | 38 | |||
|
Employee reviews -- annual semi-annual quarterly |
|
|
|
|
35 45 10 |
| Partner reviews -- staff participate? | 28 | 72 | |||
|
Starting salaries for entry level |
|
|
<40K 40-45K 46-50K 51-55K |
|
44 21 46 13 |
| Signing bonus | 33 | 67 | |||
|
Amount of signing bonus |
|
|
<2.5K 2.5-5K >5K |
|
15 48 37 |
| Plan to acquire or merge in '07? | 42 | 29 | |||
| Plan to merge upstream in '07? | 33 | 67 | |||
| Updated Internet policies in last year? | 52 | 32 | |||
| Employees/partners sign Internet | 30 | 59 | |||
| Control use of PDAs/cell phones | 45 | 55 | |||
| Instant messaging allowed | 48 | 52 | |||
|
IT reports to |
|
|
|
MP/CEO COO CFO Other |
50 30 04 16 |
From CPA Practice Management Forum, CCH Incorporated, 800-449-8114, February 2007, p. 15. For the complete article, click here.