September 22, 2021

New Business Referral Bonus

Open ItemsCategory: CompensationNew Business Referral Bonus
CaliCPAcaliCPA asked 1 year ago

What do most firms offer for new business/referral bonuses? 
I know some firms offer 10% of collections with no end date, other firms offer 10% of collections for the first three years of the new client, while some firms don’t offer any type of bonus because they say it is a “commission” and not allowed by the AICPA.

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1 Answers
SludgemonkeySludgemonkey answered 1 year ago

When I was in the Big 6, I used to trade for special favors from the hot receptionist at the office. Was allowed to use my expense account for lunches, drinks and hotel rooms. Very motivating, she was a warm chocolate chip muffin. I would top it off with some cream. 

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