Accountants are expensive. If you have access to your firm’s rate card, you’ll probably find that they charge exorbitant prices to the client on a per-hour basis. It’s not uncommon for a know-nothing associate fresh out of college to cost the client $180 or more per hour. Directors’ and partners’ rates regularly clear $800 per […]
Why Clients Hire Public Accounting Firms Read More »
Public accounting firms often rely on a common business structure called the “partnership model.” The partnership model intentionally creates two separate classes within the business: the equity-holding partners, and everyone else. The equity partners serve as business owners, while everyone else serves to support the business. Most equity-holding partners aren’t in public accounting for the
Public Accounting Firms are Machines Designed to Enrich the Partners Read More »