Rosenberg Associates Blog
Kristen Rampe, CPAWell-designed staff compensation programs can be a huge asset for any CPA firm looking to retain top talent. That’s you, obviously. But what should you do? What should you change? Below, we share results and analysis of our recent poll on staff bonus programs and ideas for how you might update yours. We asked respondents…
Amanda Lilley, CPA, SHRM-CP, PHRAs Halloween approaches, CPA firms will need to put more than a bowl of candy in front of their employees to be sure they retain them going into 2024. While the staffing shortage in the industry shouldn’t be news to anyone, now is not the time to let up on talking about the issue –…
Chrystin McHughIn our fast-paced world, team unity and strong interpersonal connections are essential for success. At this point, the majority of our clients have fully remote team members; some, a significant number. Even though remote work isn’t new, figuring out how to develop a high-functioning remote team is still a work in process. One key aspect…
Marc Rosenberg, CPAThe CPA profession has witnessed profound transformations in firm management. This blog aims to shed light on the sea of changes in partner income allocation methods, showcasing how these changes have influenced the overall dynamics of CPA firms. We will reflect on the changes over the past 20 years and, more importantly, delve into the…
Chrystin McHugh is the Director of Marketing at Rosenberg Associates. She has over 20 years of marketing experience and is based near Philadelphia, Pennsylvania. Our blog has been a leading source of information and insight for our 14,000+ readers, and we’re thrilled to share our top ten most-read blogs of 2023. These blogs – written…
Many CPA firms accept electronic payments. It is 2023, after all. If your firm has been accepting credit cards, you may wonder whether to charge the merchant or processing fees back to the client. There are two ways to tackle this: Build the processing fees into your pricing by adding your processing rate, usually around…
Matt RampeThe challenge to us Several managing partners have recently asked us what spread between the highest and lowest paid partner is appropriate. We use the term “partner” to mean equity partner. First, some facts The latest Rosenberg Survey showed the ratio of highest to lowest paid partner: Over $20M – 3.9 to 1 $10–$20M –…
Ask CPA firms about the effect of the staff shortage, and 99% of them will say it is negatively impacting their firm’s bottom line. This is the finding of a poll of 250 CPA firms in May 2023 conducted by PR Newswire and Censuswide. This doesn’t mean that profits are disappointing – far from it…
Matt RampePartner accountability: partners know they need it but often don’t know how to create it. We talked with managing partners around the country to learn what they saw as their biggest challenges in creating more partner accountability: Excuses for everything! Lack of motivation –some people aren’t motivated by rewards and are comfortable where they are…
Today, the debate on working in the office vs. remotely is raging. Is it more effective for people to work in the office or working remotely? Positions on this issue vary significantly depending on who you ask: Partners vs. staff? Older vs. younger people? Those at firms in large cities vs. small? The last few…
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