Blog

15 Amazing Organizational Tactics to Manage a CPA Firm

Marc Rosenberg, CPA / July 1, 2019

Haven’t we all learned the hard way that the best way to solve a problem is not to let it arise in the first place? Great example:  Hire right the first time.  Jeremy Wortman, a leading expert in Talent Management, wrote in our book CPA Firm Staff: Managing Your #1 Asset that “firms should first…

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Survey: How MPs Ensure Their Firms Optimize Technology Usage

Marc Rosenberg, CPA / June 10, 2019

I have a keen interest and understanding of how managing partners perform their jobs.  Their duties encompass a long list of critically important management functions.  Certainly, one of these is to ensure that technology has an optimal impact on the firm’s success, profitability and efficiency. This can be quite challenging because, unlike most MP duties,…

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Getting Sick and Tired of Ownership Percentage Driving Your Partner Decisions?

Marc Rosenberg, CPA / May 21, 2019

I sure am. Why? Imagine you entered into an ownership position in a CPA firm in your mid-30s.  Over the next 30 years or so, you’ll be paid your share of millions of dollars. Do you want your share to be based on judgments that are rational and logical, or unfair and lacking in common…

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Top CPA Industry Gurus Discuss Today’s Trends

Marc Rosenberg, CPA / April 29, 2019

In the blockbuster musical Hamilton, one of the rousing songs was “I wanna be in the room where it happens, the room where it happens, the room where it happens” as a young Alexander laments his exclusion from a meeting of the founding fathers. Well, the CPA industry consulting luminaries of the New Horizons Group…

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Partners: When To Speak Up and When To Shut Up

Marc Rosenberg, CPA / April 8, 2019

To paraphrase Shakespeare: When to speak up and when to shut up – that is the question.  There are times partners should speak their minds and times they should remain silent. A great MP once told me:  “If you’re not building the firm, then you’re not a partner.”   This post is about two ways (there…

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How 17 Great MPs See Their Jobs

Marc Rosenberg, CPA / March 19, 2019

I recently updated my research on the role of the Managing Partner.  How better to do this than to poll great MPs from across the country? So that’s what I did.  I received responses from 17 MPs: three from firms with revenue exceeding $50M; 5 firms were $20-50M; 6 firms were $10-20M and 3 firms…

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Developing a Truly Progressive Next Gen Culture – Part II

Marc Rosenberg, CPA / February 26, 2019

Our Chicago roundtable, consisting of the most prestigious and largest local CPA firms in the Windy City, recently convened a conference that brought the house down.  Our goal was (a) to address the #1 challenge to CPA firms today – managing all staff issues from recruiting to retention to developing NextGen leaders and (b) to…

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Rosenberg Survey: CPA Firms are Hale and Hearty

Marc Rosenberg, CPA / February 5, 2019

There’s exciting news from our 20th annual Rosenberg Survey, which reported on 2017 results. Perhaps the iconic phrase from Star Trek’s Mr. Spock is pertinent:  “Live long and prosper.” CPA firms continue to grow and post impressive profits, as good a definition of “prosper” as there is. Firms are not living long, as evidenced by…

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Developing a Truly Progressive Next Gen Culture

Marc Rosenberg, CPA / January 14, 2019

Our Chicago roundtable, consisting of the most prestigious and largest local CPA firms in the Windy City, recently convened a conference that brought the house down.  Our goal was (a) to address the #1 challenge to CPA firms today – managing all staff issues from recruiting to retention to developing NextGen leaders and (b) to…

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Mergers: Experienced Buyers Talk

Marc Rosenberg, CPA / December 17, 2018

Two Chicago area MPs recently talked to our roundtable about their experiences merging in smaller firms: Shelly Casella-Dercole, MP of 8-partner Eder Casella in McHenry, IL and Jon Segal, MP of 15-partner Kutchins, Robbins & Diamond in Schaumburg, IL (both Chicago suburbs). Each has completed several mergers and is very active in the merger market….

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