Rosenberg Associates Blog
Marc Rosenberg, CPAI recently led a group of managing partners in a discussion of best practices. One firm shared an eye-opening practice in the training area.
To continue reading click below:
To me, having a practice continuation agreement is a “no-brainer.” I can’t think of a single reason why a sole practitoner should NOT want to do this. Yet, throughout my entire career I have seen only a small handful of firms enter into such an agreement.
To read more about practice continuation agreements click here:
Early in my career, I was asked to proofread a chapter in a finance book entitled “How To Negotiate a Merger.” To this day, I still remember the central message: To negotiate effectively, try to put yourself in the other guy’s shoes.
Internet and email are great – they’re the tools that make this dialogue possible! But at what point do they start threatening our civilization’s ability to interact successfully in “real life?” And what are the possible repercussions to your practice if face-to-face networking becomes a thing of the past?
Fall is my favorite season because the air is delightfully cool and crisp and Mother Nature puts on her most spectacular show. It’s a great time of year for scenic drives to places like Vermont – listed in National Geographic Traveler as one of the world’s 50 Top Places of a Lifetime – in the rarefied company…
Professor Abel Galvan gave a short speech on leadership and his advice to the students was “stay humble.” What a refreshing piece of advice! He shared a great quote with the students: “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams…
Jeff DeYoung, MP of the Chicago & Minneapolis offices of Baker Tilly, the 16th largest CPA firm in the U.S., gave a marvelous presentation to my Chicago roundtable group. A few years ago, the former Virchow Krause boldly changed its name to Baker Tilly. “We really like the international brand name – there are only…
Increasingly, CPA firms are adopting the Compensation Committee system for allocating partner income. Firms are finding that systems such as formulas, pay based on ownership percentage or pay-equal no longer work. When we compare the usage of the compensation committee today to 5 years ago, the increase in usage ranges from 16% to 26%. If…
Baby boomer partners are rapidly approaching retirement age, creating a huge demographic shift within their firms. One result of this is a dramatic increase in new managing partners at firms. Many firms are skipping a generation and turning the reins over to “younger” partners. Firms are also asking their new MPs to divest themselves of…
Our family’s #1 fundraising passion is the Juvenile Diabetes Research Foundation’s annual Ron Santo Walk to Cure Diabetes. This past Sunday was the annual walk and it was fabulous! Our group of 20, primarily friends of daughter Lauren, walked the 5K distance in bright sunshine. After the walk, we adjourned to Lauren’s apartment for a…
Benchmarking is useful to all forms of organizations because it’s a great way (though not the only way) to measure progress and success. By comparing your firm’s metrics to other comparable firms, it helps identify areas that are going well and areas needing improvement. Without benchmarking, firms will inevitably lead a provincial existence, blissfully unaware…
Get our expertise delivered to your inbox.