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A Solution to Firm Retirement Problems
Oleh:
Blackman, Irving L.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 185 no. 5 (1998)
,
page 57-63.
Topik:
FIRM
;
solution
;
firm retirement
;
problems
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Bringing in new business, hiring good staff and avoiding malpractice liability are ongoing problems for almost every CPA firm. Each firm must successfully deal with these issues if it is to grow and prosper. But an even bigger problem for most firms is the financial liability to retired and soon - to - retire partners. Those obligations usually include an income stream to the retiring partner for a fixed period, a capital buyout and health care benefits. Until the concepts explained in this article were developed, I had never found a firm - including our own - that had developed a satisfactory solution to the financial aspects of the partner retirement problem. Although the concepts discussed here in no way solve -or attempt to solve - the cash flow problems of compensating already - retired partners, they will help CPA firms provide retirement payments to partners who are not yet entitled to receive them.
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