Rosenberg Associates Blog
Marc Rosenberg, CPAOne of the saddest things about history is how much of it is forgotten as the years move on. About 15 years ago, a survey asked high school students if Germany was an ally or enemy of the US in WW2. Most responded “ally.” How unfortunate. But it proves how major historical events are shuttered…
Amanda Lilley, CPA, SHRM-CP, PHRPartner agreements are a key organizational document for any business, including CPA firms. Firms normally don’t find themselves needing to refer to them, but in the event that they do it’s important to have the right provisions included to be able to effectively handle situations as they arise. Many partnership or operating agreements from CPA…
Kristen Rampe, CPAWe polled our audience of partners to find out the approximate average value of the life insurance policy (where the firm is a beneficiary) that they held on equity owners, at the date the policy was purchased. Many, but far from all, firms choose to hold life insurance on partners to assist with paying any…
Matt RampeI coached a managing partner recently – let’s call him Chad – who was standing on a proverbial burning platform when I met him. Chad had lots of clients who loved his firm, but was short staffed at the lower levels and partner level. He had a succession problem that needed to be handled now….
As featured in Accounting Today. Succession planning at CPA firms has never been more difficult. Minting new partners is a struggle, as many potential candidates are leaving the field or are not interested in the job. This leaves more and more “retired” partners (those who have given up their equity) still working because there’s…
2022 was a year full of great accomplishments. In recent weeks we have received messages about how our clients have gained competitive advantages in recruiting and retaining talented employees; built cohesion amongst partners; and accomplished meaningful goals. To give you a quick reference of actionable hot topics from the past year, here’s a list of…
We polled our audience of partners to find out what CPA firms are doing when it comes to 2023 pricing increases for services. Based on 232 responses, the most common average percentage increase planned for pricing increases was 10%–13%, followed by 6%–9%. Not surprisingly, larger accounting firms are making larger adjustments. Between labor costs and…
One of the joys of consulting to CPA firms for over 20 years is talking with clients, fellow consultants, media editors and speakers at conferences about what’s going on in the industry. Over the past three months, several clients and publications have asked me how I see 2023 shaping up. Here are my thoughts. Merger…
On November 29, 2022, Accounting Today released their Top 100 Most Influential People in Accounting ranking. This award lists the thought leaders and change-makers who are shaping the profession. Marc Rosenberg and I were named among the Top 100 list this year. In the write up, Accounting Today editors cited a few reasons why: Marc:…
Remote work has had undeniable effects on the CPA industry in recent years, which have been more incredibly challenging for accounting firms. From grappling with how to handle the onboarding, training, and mentoring of staff, to trying to maintain pre-pandemic client relationships and business development levels, firms have been faced with challenges not seen in…
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