Posts by Marc Rosenberg, CPA
QUESTION FROM A CLIENT Can a “small” firm function and be structured like a “large” firm? Are there any natural limitations based on personnel headcount? OUR RESPONSE One of my favorite mottos comes to mind: “Think big and keep it simple.” Yes, a small firm can operate as a larger firm with some obvious…
Our consultants have spent their careers working with CPA firms on succession planning. As experienced specialists, we have seen misunderstandings, confusion and complexities that make succession planning a challenge. Many firms simply don’t know how to get started. I recently sat down with Christyn McHugh, Director of Marketing at Rosenberg Associates. She asked questions that…
QUESTION FROM A READER: I am looking for information on how second-generation firms select a successor managing partner. I’m also interested how this process plays out when a firm has multiple MP candidates. What role should the current MP play in the process? What if there is no obvious successor? ROSENBERG RESPONSE: What criteria…
If you decide to run for political office, is it over when you register? Of course not. You need money, a campaign office, staff, the endorsement of a political party and a strategy. If you want to open a restaurant, is it sufficient to hang out a nice sign and be a good cook? Of…
We are talking about none other than Michael Horwitz, the Executive Director of BDO Alliance USA, the largest association of US-based independent accounting, tax and advisory firms. The Alliance comprises more than 250 CPA firms and 150 advisory firms and vendors that serve CPA firms. Ninety percent of the BDO firms are under $30M, reflecting…
Embarking on big projects can be both exhilarating and daunting. While the allure of tackling significant challenges is undeniable, the risk of disappearing into a black hole, resulting in large write-offs, looms large. In this article, we delve into how problems get started in the first place and strategies to avoid being overwhelmed and…sucked in….
By Marc Rosenberg, CPA, with contributions from Kristen Rampe, CPA; Matt Rampe, ASA, PCC; Amanda Lilley, CPA, SHRM-CP, PHR; and Jeff Arnol, CPA, JD Ask random people on the street—or, even better, business executives—if there have been profound changes in the accounting profession over the past 10–20 years. The answer you’ll most likely get is,…
There is a little devil in me that will come out as you read my blog today. Devilish because this is a blog that will likely cause some readers to question some of my assumptions and statements. That’s okay. I love it. I can take it. This blog was inspired by two experiences: (1) First,…
Not all our “younger” readers may be familiar with the term “MAP.” They may have heard the term but not really know what it means or its historical significance. “MAP” stands for “Management of an Accounting Practice.” Prior to the mid-late 1970s, the term wasn’t in accounting firms’ vocabulary. That’s because the era of professionally…
On September 22, 2024, the Chicago Tribune featured a front-page piece about the dire shortage of CPAs. This article brought the problem to the attention of a large and probably previously unaware audience. I was so moved by the piece that I immediately wrote a “letter to the editor” response. Within 15 minutes, the managing…
Marc Rosenberg, CPA
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