Rosenberg Associates Blog
Marc Rosenberg, CPAAspiring accountants who are invited to become a partner in their CPA firm usually face the hurdle of a buy-in requirement. This requirement is a payment that new partners must make to gain an ownership stake in the firm. Depending on the practice’s size, the buy-in requirement can be substantial at some firms, ranging from…
Kristen Rampe, CPAResponding to clients versus protecting yourself from distractions: is it possible to have your cake and eat it too? Increasing productivity can contribute strongly to profitability, and we know that responsiveness is a cornerstone of the accounting profession, something our clients (internal and external) expect. Most professionals are bogged down with requests for their time….
We’ve written over 500 blogs in the past 15 years. Our material is pitched mostly to partners and managers. We would love it if this blog was read by entry-level hires, staff at CPA firms senior or below, and interns. Partners, you should forward a copy of this blog to your firm’s young people. We…
Our Chicago area roundtable group, comprised of 70% of Chicago’s local CPA firms, invited the accounting department heads of two leading universities to talk to us about today’s accounting students. We were privileged to host Brad Cripe, PhD, from Northern Illinois University in DeKalb, Ill., and Kevin Rich, PhD, from Marquette University in Milwaukee, Wisc….
Jeffrey Weiner joined Marcum in 1981 and has led the firm since 1990 when he was named managing partner. Marcum LLP is a national accounting and advisory firm. Accounting Today puts their annual revenue at $1.2B, making them the thirteenth largest CPA firm in the U.S. They have 39 offices from coast to coast. If…
For about ten years now, there has been a merger frenzy in the CPA profession, fueled by three interrelated factors: (a) baby boomers are rapidly approaching or reaching retiring age; (b) succession planning is not a strong suit of CPA firms so, they often find themselves with no bench to take over the firm and…
My colleague, Art Kuesel of Kuesel Consulting (art@kueselconsulting.com), and I have been leading three roundtables in the Chicago area for over 20 years. Each group has about 25 partners, mostly MPs. The group that this blog reports on comprises roughly 75% of the largest local firms in Chicago. Revenues range from $7M to $35M. We…
We previously shared Part 1 of this series. Read it here. We occasionally receive lengthy replies to our blogs and like to share our readers’ perspectives. A senior manager of a three-partner firm in the Midwest wrote to us, following my April Fool’s blog on raising the minimum retirement age to 85, articulating frustration with…
We occasionally receive lengthy replies to our blogs and like to share our readers’ perspectives. A senior manager of a three-partner firm in the Midwest wrote to us on the topic of succession and buyouts, following my April Fool’s blog on raising the minimum retirement age to 85. This is Part 1 of a 2-part…
Amanda Lilley, CPA, SHRM-CP, PHRWe polled our audience of CPA firms to find out the average turnover percentage in 2022 and what retention strategies firms plan to implement after this latest winter busy season to try to keep staff from joining the mass exodus that is common for public accounting professionals at this time of year. Based on 63…
Get our expertise delivered to your inbox.