[kettlecorn]

There’s a smaller CPA firm and in their job description it mentions discretionary profit sharing. What does this mean as it relates to accountants and CPAs? Does that mean you are expected to make sales and bring in clients and you get a cut? How would this apply to an entry level position? Is it talking more about the potential to make bonuses and profits as you make partner? Or is it more if you do well on taxes and such, then you get a cut?

[mla1169]

Usually it means that profit sharing is not guaranteed even in a year that is profitable. The employer may decide to earmark that years profits for something else. Usually they do honor the profit sharing but are legally covering themselves so employees can't sue them for not paying out.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[kettlecorn]

Ah ok thanks

[Author]

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