Partner - Accounting Firm, Tax Salary
|Salary||$74,378 - $344,399|
|Bonus||$5,973 - $82,045|
|Profit Sharing||$0.00 - $78,108|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$74,378 - $389,410|
Job Description for Partner - Accounting Firm, Tax
An accounting firm partner, tax is a position with a high stress level that requires an individual be proficient in tax law and accounting practices. The accounting firm partner is responsible for overseeing the operation of the local and regional offices. As an accounting firm partner, ensuring that the offices are running efficiently is a very important aspect of the position.Read More...
In addition, the accounting firm partner is responsible for coordinating and monitoring projects and clientele that the firm possesses. Another important component of the position of accounting firm partner is to make final decisions on all aspects of the firm. An accounting firm partner is also responsible for all employees, including accountants and lower-level executives. This requires the accounting firm partner to have strong management and communication skills. It is essential that the accounting firm partner have the ability to ensure that all of the firm's policies and practices are performed both efficiently and ethically.
The position of accounting firm partner requires a minimum of a bachelor’s degree in accounting or a related field. In addition, an accounting firm partner is required to be a certified public accountant. It is also important to note that two years of auditing and accounting experience is required prior to an individual having the ability to take the test to becoming a certified public accountant. Most of these partners also have a significant amount of relevant experience in management.
Partner - Accounting Firm, Tax Tasks
- Act as the highest executive of the accounting firm, and direct and make the final decision on all its projects and activities.
- Manage the accounting firm's staff, select managers, and evaluate managers' performances.
- Establish the firm's policies and procedures, and make sure these practices are carried out in all of the firm's offices.
- Responsible for the financial well-being of the firm and making sure the offices are bringing in a profit.
- Oversee the operation of regional offices, coordinating their activities and monitoring their performance.
Pay by Experience Level for Partner - Accounting Firm, Tax
Pay by Experience for a Partner - Accounting Firm, Tax has a positive trend. An entry-level Partner - Accounting Firm, Tax with less than 5 years of experience can expect to earn an average total compensation of $100,000 based on 5 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Partner - Accounting Firm, Tax with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $120,000 based on 19 salaries. An experienced Partner - Accounting Firm, Tax which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $165,000 based on 48 salaries. A Partner - Accounting Firm, Tax with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $217,000 based on 42 salaries.
Pay Difference by Location
Tax Accounting Firm Partners will find that New York offers an impressive pay rate, one which exceeds the national average by 94 percent. Tax Accounting Firm Partners will also find cushy salaries in Seattle (+50 percent).
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Key Stats for Partner - Accounting Firm, Tax
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