Posts by Marc Rosenberg, CPA
Don recently passed away peacefully at his home at the age of 88. Who was Don Scholl? I’m glad you asked. He was not a CPA but knew our business better than most CPAs. He was one of the first consultants to understand that CPA firms should be managed like a real business instead…
To non-sports people, forgive me for telling a sports story I heard on a radio program. Our local basketball team, the Chicago Bulls, have a player named Zach Levine, who has been an all-star and is in the prime of his career. But he missed a month due to injury. Prior to his injury, the Bulls…
QUESTION FROM A READER We didn’t contemplate an owner leaving before normal retirement age unless it was due to death or disability or we had to fire them. However, as we were discussing hypotheticals at a recent partner meeting, we came to the uncomfortable conclusion that, currently, there’s nothing to stop owners from accumulating large…
March 1, 2024, marks the 30th anniversary of Rosenberg Associates, consultants to CPA firms in North America. Thirty years have gone by so quickly, and it’s been an incredible journey! After merging with Kristen Rampe’s consulting firm, I went from being a “one-man show” to being part of a growing, thriving (and younger!) nine-person organization….
Recently, the Virtual Roundtable Group (VRT), a managing partner group founded by Art Kuesel and Marc Rosenberg, convened an in-person meeting in Austin, TX, to exchange ideas about CPA firm best practices. Kristen Rampe of Rosenberg Associates expertly led the group discussions. The firms ranged in size from $10M to $30M and were located from…
Recently, the Virtual Roundtable Group (VRT), a managing partner group founded by Art Kuesel and Marc Rosenberg, convened an in-person meeting in Austin, TX, to exchange ideas about CPA firm best practices. Kristen Rampe of Rosenberg Associates expertly led the group discussions. The firms ranged in size from $10M to $30M and were located from…
The trigger for this blog is how CPA firms can resolve—or at least lessen—the dire shortage of staff in our profession, thereby easing the frustration that firms are experiencing by not having enough people to get the work out. In our blog “What CPA Firms Can Do to Ease the Staff Shortage,” posted Sept. 12,…
I had lunch recently with the managing partner of a long-time client. His firm’s revenue is $15M with nine partners. The firm is in its second generation and is very successful: equity partner income averages $750,000. The MP himself earned a tad over $1M. We discussed many things. But we focused mostly on the dire…
QUESTION FROM A READER: Should the managing partner be a permanent position or rotated among partners? ROSENBERG RESPONSE: Important first question Current and future MPs need to ask themselves if they will commit to being a permanent MP (assuming the other partners are okay with this). There are lots of positives to this. Leaders like…
The Rosenberg Survey is compiled by The Growth Partnership. Charles Hylan, a partner at TGP, heads up their survey team. This is the 25th year of the survey, which reports on 2022 data. As always, “partner” means equity partners only. Percentage increases or decreases are based on data only for firms over $2M in revenue….
Marc Rosenberg, CPA
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