December 25th, 2009
…. in exchange for my accounting and tax services? I was thinking that a partnership could save cash flow if a partner was capable of doing these professional services. I’m a CPA and am exploring the possibility of doing the professional services for a partnership interest.
Here’s a very short story/anecdote, concluding with a very old saying which I heard on a tape:
On a very cold winter day, a man is sitting in front of his wood-burning stove demanding heat: “Give me heat – then I‘ll light the fire.”
I think the above applies to your situation. I never heard of anyone getting a position “at the top” without “paying dues” and proving himself or herself to those he/she works with AND the people at the top.
To me this is
A] the ability to properly understand and interpret the tax laws and statutes as they apply on the local, county, state/commonwealth and national levels;
B] properly communicate and work well with those folks in the office and in the field where the properties are located;
C] understanding and completing all reports and communications on a consistent, timely basis – on-time or ahead-of-time – every time for an extended period of time [how long and what those reports are is another matter];
D] the ability to make presentations as to why or why not a procedure [or a deduction] works or doesn’t work [notice I didn‘t say “may“. When working with numbers, as far as I‘m concerned its cut and dry - “Yes, it will work.” OR “No, it won‘t work.”].
E] "Going the extra mile" – not because you have to do it or you were asked or told to do it, but because you KNOW its the right thing to do AND YOU KNOW IT SHOULD BE DONE.
I won’t discount your ability or claims as a CPA, but FIRST you have to prove you are THE person – as I described above (which "only scratches the surface") for THAT position to your co-workers as well as the members of the Board of Directors.
Would I hire you? I really don’t have an opinion – one way or the other. This requires interviewing you, “putting you through your paces” on a trial basis and discussing how well [or not-so-well] you did with those you work with as well as the other Board members.
You have your work cut out for you, don’t you?
I wish you well!
VTY,
Ron B.
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