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How y’all spending your bonus this year?
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Scroll down a bit, I think there was a post on this subject in the last few weeks and there were some pretty good answers (and a bunch of inaccurate guesses). I am always amazed by how much misinformation is out there. I speak freely about this subject with anyone in my firm who is interested. This is formally covered in training with senior managers who are on partner track.
Every firm is different. At my firm the initial capital contribution is 150k. A partner then continues to make contributions each year up to a maximum of 800k (the max depends on total comp). We also earn interest on our capital. When we retire, the capital starts getting returned to us. A nice tax free savings account!
Hope that helps a little.
If you’re the same partner who has made similar replies elsewhere, you’re awesome
I can only assume that you’re this forthright and transparent in the office and not only with comp-related questions.
Thank you. The profession desperately needs more individuals such as yourself.
Totally depends on the firm. $250k for me.
Last I heard PwC is $1m
Yes; EY new tax partner revenue goals are $3-5M+. $1M would be a super low goal unless PwC counts revenue differently