Blog

Should a Line Partner Perform Firm Administrator/COO Duties?

Marc Rosenberg, CPAMarc Rosenberg, CPA / September 12, 2020

QUESTION (from an MP): We are a 7-partner firm. Several years ago when our Firm Administrator retired, one of our partners took on the role in addition to his existing client duties. We are now reconsidering this situation and are wondering if it would be best to have a non-partner in that role.  What would…

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Current Effects of COVID on CPA Firms – Rosenberg’s Analysis

Marc Rosenberg, CPAMarc Rosenberg, CPA / July 17, 2020

The CPA industry is as steady as an ocean liner in heavy seas… in normal times, which is 90% of the years.  Most established multi-partner firms experience increases in revenues and profits on an annual basis…in normal times. Sure, there are major challenges such as finding staff, retirements, technology’s relentlessly huge impact on how CPA…

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The Antithesis of the Managing Partner: Management by Committee

Marc Rosenberg, CPAMarc Rosenberg, CPA / July 8, 2020

There is an intuitive notion that comes to partners that goes something like this: “Let’s all get together and form a firm that will make us all more successful than any of us could be individually.  We’ll follow the principles of democracy by dividing up the management duties so that no one is overburdened. The partners…

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CPA Firm Leadership Tips From a Top MP

Marc Rosenberg, CPA / June 29, 2020

Randy Nail is the Managing Partner (MP) of Hogan Taylor, a $50M Oklahoma-based firm in Tulsa and three other locations.  Randy got a unique baptism to managing the firm in several respects. In 2009, Hogan Taylor was created from a merger of two equal $10M firms.  One of the two firms’ MPs initially served as MP,…

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Leadership: The Most Effective Qualities for CPA Firms

Marc Rosenberg, CPA / June 6, 2016

I’m probably the millionth person to form a list of important leadership qualities, but I wanted to share what I have learned from working with CPA firms for over 20 years. Leaders are visionary Always thinking about what the firm should be.  Regularly meeting with other firms to share best practices. Leaders are delegators Leaders…

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Relevancy – A Top CPA Industry Issue? You Tell Me

Marc Rosenberg, CPA / December 7, 2015

Accounting Today, expertly edited by Dan Hood, has published its Top 100 List of Most Influential People in the profession for many years. This year, they made available Top 100 responses to the question: “What is the most important issue facing the public accounting industry?” I was stunned that a major new issue has emerged…

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A Morning with Allan Koltin

Marc Rosenberg, CPA / August 24, 2015

My large firm roundtable group in Chicago recently invited Allan Koltin, President of Koltin Consulting, to share his experiences with us. If there were an election of the most highly visible, sought-after consultant to CPA firms, Koltin would be the hands-down winner. Some of his accolades: Accounting Today’s Top 100 Most Influential list for 15…

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What Makes a Great CPA Firm Leader?

Marc Rosenberg, CPA / August 3, 2015

The following questions were posed to us recently in an interview with our colleagues at Convergence Coaching. Whose leadership style do I admire the most? The common thread to the three leaders below is this: Many people love the phrase “if it ain’t broke, don’t fix it.” These leaders would say: “If it doesn’t need…

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Managing Partners: What’s Keeping You Up at Night?

Marc Rosenberg, CPA / February 2, 2015

Here are some issues we’ve discussed with managing partners recently that seem to be causing bouts of insomnia: We have 2-3 managers we’d like to make partner over the next few years, but we are having trouble deciding what their buy-in should be. The current partner group has been together a long time and has…

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What Stops MPs From Being Real Leaders?

Marc Rosenberg, CPA / July 14, 2014

Virtually no MPs went to “MP school” or received mentoring and training to be an MP.  So it’s understandable that many MPs struggle to be real leaders. MPs should be groomed and trained for the job at least 3 years prior to assuming the position.  Serving on the firm’s Board is a great training ground….

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