[Recked]

https://www.accountingtoday.com/opinion/art-of-accounting-12-must-haves-to-be-a-partner?utm_campaign=daily-apr%203%202018&utm_medium=email&utm_source=newsletter&eid=785c40f8af65e19d5efa6367fbc93fd7

I some how got subscribed to the accounting today emails (and magazine?).
I always look for articles by Ed and make it a point to read them. Usually some solid advice and insightful information included. He’s always looking to help the up and coming generation.

I emailed him once in response to his article, and he asked for my number to call me and we chatted for a while, and I was able to ask him about his firms CPA review course etc. Great guy overall, and I highly suggest you get on the accountingtoday email list.

[turo9992000]

I always like reading his stuff. His books have big fonts and are colorful.

How's the buyout going @Recked?

[Tncincy]

Thanks, this is really useful.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Recked]

No buyout to be had. I have too many years into servicing and maintaining the client base to turn around and pay for it now. As far as I am concerned it was part of my below market salary negotiation in 2012 to be building sweat equity.
My terms are overhead split or I'm hanging out my own shingle, and boss has been receptive to it.
Currently working on E&O/liability policies, and a data/cyber policy, I won't touch equity without those in place first.

Negotiations are some what stale as we hammer away at tax time, so I'm not really sure if we've come to an agreement or not, but I got a 25k raise.
Told him based on my numbers last year, and my share of overhead, I figured we were about 40k apart on what I thought I was worth.
He said 25k salary and then he would try to close the gap via post tax season bonuses when cash is flush, so we'll see if he holds up his end of the bargain.
The percentage of ownership isn't incredibly important to me as long as I don't have a non-compete, and I get paid what I should be paid based on my work less my share of overhead.

I am cash flush and have my parachute packed in case I need to make the leap.
I intentionally have kept my holdings in liquid form, most in CD's that come due in staggered increments in case I need the money to fund my new start up, so no early withdrawal penalties.
Always bet on yourself!

[Recked]

New article from Ed discussing the end of tax season. Always some valuable information in there.

https://www.accountingtoday.com/opinion/art-of-accounting-boo-hoo-tax-season-is-ending

[Author]

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