Vol. 7 No. 9, October 2015
The Leadership Forum is a panel of the most prominent thought leaders in the profession. This month we asked two questions and asked them to respond to the questions dealing with CPA firm management and leadership.
This month's questions were:
- MAP surveys of CPA firms under $15M (95% or more of all firms) show that the higher the percentage of equity partners a firm has that are women, the lower the firm's income per partner is. Why is this?
- What really makes CPA firms profitable?
Consultants and Other Prominent Observers
| Responses to Question 1 - MAP surveys of CPA firms under $15M (95% or more of all firms) show that the higher the percentage of equity partners a firm has that are women, the lower the firm's income per partner is. Why is this? |
| Rex Gatto | Gatto Associates,LLC | www.rexgatto.com [email protected] |
| ...This is a very complex question with multiple aspects that need to be taken into account and goes well beyond the statement that women are the caregivers for the family and many female partners have the responsibility of raising the family along with their professional responsibilities. Therefore, female partners who are role models for work-life balance may not have extra available time to focus on the firm... More | ||
| Rich Rinehart | Grant Partners, LLC | www.grantptrs.com [email protected] |
| ...While women make up nearly half the CPA profession their ranks among partners is significantly lower. Firms with higher partner ratios of women are also likely to be second generation firms, face high payments to retired partners or are relatively younger firms with different ideas about how career goals fit into their lives... More | ||
| Jennifer Wilson | ConvergenceCoaching, LLC | www.convergencecoaching.com [email protected] |
| There are too many factors to know for sure, but it's possible that firms who have more women equity partners are making a bigger investment in people in general, all of which will pay off in the future but are not yet reaping ROI... More | ||
| Marc Rosenberg | The Rosenberg Associates | www.rosenbergassoc.com [email protected] |
| CPA firm profitability is an enigma for two reasons. First, there isn't a sound way to measure CPA firm profitability: the two best measures -- income per partner and to a lesser extent, partner income as a percent of revenues, are deeply flawed because both depend on how high the bar is for making someone a partner. Second... More | ||
| Lisa Tierney | Tierney Coaching & Consulting, Inc. | www.CPAMarketingConsultant.com [email protected] |
| Streamlining services, maximizing success stories on behalf of certain, specific, "ideal" clients and collaborating with talent to invest in what all agree is needed to help them to ascertain the next level in their desired career. This is a winning combination! More | ||