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Hiring Your First Employee

When building a tax and accounting firm for the first time, most professionals tend to make the mistake of hiring too quickly. As a result, this leads to resistance in hiring in the future, even when it is sorely needed. 

Hiring Your First Employee to Your Tax and Accounting Firm

As a general rule, your firm should have one employee for every $250,000 in revenue it makes.

This means if you have yet to hit $250,000 in revenue, yet you are swamped with work, it is likely that something is wrong with your pricing and packaging. These issues may need to be addressed before you hire your first employee.

Revenue

$250,000

Employees

0

Net Profit

70-80%

Revenue

$500,000

Employees

1-2

Net Profit

60-70%

Revenue

$1M

Employees

3-4

Net Profit

50%

Hiring, Managing, Coaching & Accountability Training

Hiring, Managing, Coaching & Accountability Training

Once you have determined you need to hire your first employee for your tax and accounting firm, there are critical steps to follow to ensure you:

  1. Recruit top talent
  2. Launch a rigorous interview process
  3. Onboard with a new hire orientation
  4. Develop weekly and monthly trainings to help your new hire learn about your firm’s processes and procedures
  5. Coach and hold your team accountable to succeed

We’ll walk you through these critical steps with guidelines, templates and live on-demand training so that the process of hiring your first employee is not only successful, but also scalable.

Everything You Need to Hire Your First Employee

Recruiting is the first and most important part of the process of hiring your first employee. We’ll give you the job advertisement, interview questions, interview workflow, offer letter template and compensation structures to get qualified, professional team members who can represent your tax and accounting firm and deliver quality client work. 

Onboarding and Ongoing Training to Help Your First Hire Succeed
Onboarding and Ongoing Training to Help Your First Hire Succeed

The first week is crucial to winning over your first new hire. If you do not have a proper new hire orientation and onboarding setup, chances are the new hire may have cold feet and decide that your firm isn’t the right fit for them or their career. We’ve put together the exact onboarding steps to set up your staff for success within their first week at your firm. 

Everything You Need to Hire Your First Employee

Recruiting is the first and most important part of the process of hiring your first employee. We’ll give you the job advertisement, interview questions, interview workflow, offer letter template and compensation structures to get qualified, professional team members who can represent your tax and accounting firm and deliver quality client work. 

Everything You Need to Hire Your First Employee
Accountability Structure and Performance Development Opportunities
Accountability Structure and Performance Development Opportunities

Your first hire will need constant coaching and accountability checks to make sure they are on the right track. We provide success profiles, performance review templates and incentive-based compensation structures so you and your staff hit company goals as a team. This ensures the constant provision of feedback to help individual team members, and your firm as a whole, succeed. 

Our Clients Say It Best

Hear from tax and accounting firm owners who have successfully hired their first employee to grow their team.


Learn More About Hiring a First Employee to Your Tax and Accounting Firm.

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AccountingTax.com by Andrew Argue is now Corvee