Blog

5 Ways to Improve Your Collections Practices

Kristen Rampe, CPAKristen Rampe, CPAMarc Rosenberg, CPAMarc Rosenberg, CPA / April 7, 2020

CPA firms find plenty of reasons to delaying billing and collections. Sometimes, it’s difficulty feeling comfortable charging a client those big fees, sometimes it’s just a hassle; often, accountability is low. While you may have been able to get by with these practices before now, and still have relatively good collections rates on your receivables…

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Managing Cash Flow: 10 Tips from MPs

Kristen Rampe, CPAKristen Rampe, CPA / March 30, 2020

The coronavirus crisis has cast a surreal cloud over every aspect of our lives.  To say that businesses are in uncharted waters would be an epic understatement. No one has all the answers. But as is the case in any crisis, as we work through it, we start to pick up best practices from each…

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Opposing Views on Mandatory Retirement

Marc Rosenberg, CPA / March 23, 2020

Two-thirds of partner agreements include a mandatory retirement provision.  This provision usually requires partners to give up their equity but allows them to continue working in some fashion.  A common stipulation is that if a “retired” partner wishes to continue working, either full or part-time, this must be approved annually by the other partners. Here…

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Covid-19: How Your Firm Can Respond

Marc Rosenberg, CPA / March 16, 2020

As we navigate these unprecedented times, we at Rosenberg-Rampe Press are thinking of partners and staff at CPA firms throughout the world.  Your top priority must be the health and safety of your team members and your clients.  For the first time in most of our lives, an international health crisis has the makings of…

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Five Tips to Better Manage Your Remote Staff

Kristen Rampe, CPAKristen Rampe, CPA / March 11, 2020

With COVID-19 spreading, many firms are allowing or requiring more remote work than they may have in the past. Whether it’s a move to protect the health of your community or a longer-term strategy for recruiting, retention and profitability, here are five key practices that can help you manage remote workers. Remote work options are…

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The Roots of Revenue Growth in Today’s Competitive Climate

Marc Rosenberg, CPA / March 3, 2020

“As long as the roots are not severed, all is well. And all will be well in the garden.” That great line is from the 1979 movie Being There, starring Peter Sellers as the simple-minded Chance the gardener, whose unpretentious dialog is misinterpreted by titans of government and industry as being extraordinarily prescient, and indeed,…

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Three Obstacles to Profitability You Should Avoid During Busy Season

Kristen Rampe, CPAKristen Rampe, CPA / February 23, 2020

“The quickest path to profitability is high leverage and high billing rates.” – an observation noted in the 2019 Rosenberg Survey (p52). While you’re in the middle of busy season, take a quick moment to consider how you can actively, today, contribute to profitability. We’ll share ideas on how to overcome these common challenges you…

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Partner Buyout Nuances: Queries from Firms

Marc Rosenberg, CPAMarc Rosenberg, CPA / February 8, 2020

Partner buyout plans can be difficult to navigate. We want to be fair to our partners, and we want to be treated fairly in return. In the process, differences of interpretation inevitably arise. Here are some queries we’ve recently received you may find instructive: Partner’s Question:  As founder and rainmaker of our firm, I have…

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CPA Firm Staff Development: Setting Expectations for Your Team

Kristen Rampe, CPAKristen Rampe, CPA / February 3, 2020

Wouldn’t it be great if everyone you manage knew what you wanted them to do and executed it well with minimal instruction? I think so, too. And every once in a while, I’ve run across a direct report who could.  But let’s be real, probably fewer than 10% of the people we work with come…

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Is Mandatory Retirement a Best Practice?

Marc Rosenberg, CPAMarc Rosenberg, CPA / January 20, 2020

I’ll start with the punch line.  Yes, it is a best practice. But only if your firm’s vision is to stay independent into the next generation by developing future leaders and retaining retirees’ clients. If you are a small firm with partners who love what they do, have no hobbies to pursue in retirement, and basically want…

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