Rosenberg Associates Blog
Marc Rosenberg, CPADon recently passed away peacefully at his home at the age of 88. Who was Don Scholl? I’m glad you asked. He was not a CPA but knew our business better than most CPAs. He was one of the first consultants to understand that CPA firms should be managed like a real business instead…
Kristen Rampe, CPAWell-intentioned and passionate partners have a lot to say about matters at your CPA firm. Often, these contributions are critical to leadership and strategic direction. Your firm wouldn’t be where it is today without hearing the perspectives from those who lead and run your practice. And, sometimes, your partners get stuck on a less important…
At many CPA firms, the definition of partner requires you to be proficient at delegating. But at some smaller firms, partners struggle significantly with letting go of their client work. They have often been given their title for retention or marketing needs, but serve the firm more like a blend of the following: Highly qualified…
CPA firms often say their staff is just as important as their clients. A challenge that firms face in walking this talk is the unique personality traits of today’s entry-level staff. To help us understand today’s young people, our Chicago roundtable convened a panel discussion with luminaries from two of Chicago’s leading universities: Jessica Gagle,…
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…
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…
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,…
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…
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…
Get our expertise delivered to your inbox.
Current Effects of COVID on CPA Firms – Rosenberg’s Analysis
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…
Read More...