What motivates the partner looking after your affairs?

Firms of accountants with more than one or two partners typically judge Partners by reference to two factors:
a) How much chargeable time they do; and
b) the aggregate level of billings for which they are responsible.

The partners' profit shares - how much money they make each year - are commonly related directly to one or both of these factors. Some more forward thinking firms give added weight to other factors but this is rare.

Knowing what motivates your accountant can be key to knowing how to keep your fees down and how to get better value.

In later blogs I'll reveal how these two factors are likely to affect your accountant's motivation.