Posts by Kristen Rampe, CPA
We polled our audience of partners to find out what CPA firms are doing when it comes to 2023 pricing increases for services. Based on 232 responses, the most common average percentage increase planned for pricing increases was 10%–13%, followed by 6%–9%. Not surprisingly, larger accounting firms are making larger adjustments. Between labor costs and…
On November 29, 2022, Accounting Today released their Top 100 Most Influential People in Accounting ranking. This award lists the thought leaders and change-makers who are shaping the profession. Marc Rosenberg and I were named among the Top 100 list this year. In the write up, Accounting Today editors cited a few reasons why: Marc:…
Last month, Rosenberg Associates was named one of INSIDE Public Accounting’s Most Recommended Consulting Companies. This achievement was made possible by an incredible group of clients that gave us the opportunity to help propel their firms to growth, clarity, and next-level goals. To highlight a few examples, here are five success stories we were grateful…
Together with Grand Valley State University in Grand Rapids, Michigan, we’re working on a research project on partner compensation to gain insights from firms with 3-20 equity partners. We are inviting owners of multi-partner CPA firms to complete a research survey regarding partner compensation. We are studying features of various compensation systems commonly found at…
We polled our audience of partners to find out what CPA firms are doing when it comes to 2022 pay adjustments for employees. Based on 137 responses, the most common average percentage increase planned for year-end staff salary adjustments was 10%–13%, followed closely by 6%–9%. Not surprisingly, larger accounting firms are making larger adjustments. That…
Partner contributions to a firm are typically rewarded in both handsome compensation currently, as well as a buyout or deferred compensation upon retirement. What better way to reflect the value that an individual has created in your business over decades of commitment? When partners retire, amounts owed need to be calculated and paid. The calculation…
Many CPA firm founding partners are generous in casting off some of their compensation to incoming partners in the form of a promotion raise. At the same time, few founders would give up a sizeable chunk of what they have created to date. In other words, just because the new partners join as owners, they…
“Stay Interviews for CPA Firms” was one of the most popular articles I wrote a few years ago. Below is a refreshed version for today’s labor market. With the continued challenge of finding talented team members, keeping the ones you have is even more critical. The cost of recruiting, lost work and time to train…
You’re busy. Everyone is. You also need a pipeline of future leaders to continue to run the profitable accounting firm you’ve created and provide you, hopefully, with a generous internal buyout. You’ve been hearing that you need to actively develop your team to be successful, but who has time for that? After all, you learned how to be a consummate professional the hard way. Why not pass that experience on to the next generation?
As featured in Accounting Today. You’re busy. Everyone is. You also need a pipeline of future leaders to continue to run the profitable accounting firm you’ve created and provide you, hopefully, with a generous internal buyout. You’ve been hearing that you need to actively develop your team to be successful, but who has time for…
Kristen Rampe, CPA
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