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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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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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Managing Cash Flow: 10 Tips from MPs

Kristen Rampe, CPAKristen Rampe, CPA / March 30, 2020

The coronavirus crisis has cast a surreal cloud over every aspect of our lives.  To say that businesses are in uncharted waters would be an epic understatement. No one has all the answers. But as is the case in any crisis, as we work through it, we start to pick up best practices from each…

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Covid-19: How Your Firm Can Respond

Marc Rosenberg, CPA / March 16, 2020

As we navigate these unprecedented times, we at Rosenberg-Rampe Press are thinking of partners and staff at CPA firms throughout the world.  Your top priority must be the health and safety of your team members and your clients.  For the first time in most of our lives, an international health crisis has the makings of…

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15 Amazing Organizational Tactics to Manage a CPA Firm

Marc Rosenberg, CPA / July 1, 2019

Haven’t we all learned the hard way that the best way to solve a problem is not to let it arise in the first place? Great example:  Hire right the first time.  Jeremy Wortman, a leading expert in Talent Management, wrote in our book CPA Firm Staff: Managing Your #1 Asset that “firms should first…

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Partners: When To Speak Up and When To Shut Up

Marc Rosenberg, CPA / April 8, 2019

To paraphrase Shakespeare: When to speak up and when to shut up – that is the question.  There are times partners should speak their minds and times they should remain silent. A great MP once told me:  “If you’re not building the firm, then you’re not a partner.”   This post is about two ways (there…

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How 17 Great MPs See Their Jobs

Marc Rosenberg, CPA / March 19, 2019

I recently updated my research on the role of the Managing Partner.  How better to do this than to poll great MPs from across the country? So that’s what I did.  I received responses from 17 MPs: three from firms with revenue exceeding $50M; 5 firms were $20-50M; 6 firms were $10-20M and 3 firms…

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Partners: The Issues That Keep You Up Nights

Marc Rosenberg, CPA / July 23, 2018

CPAs seem to tend towards conservatism – they dislike change. Old school practices dominate and change is hard.  But change is inevitable.  Progressive firms will tell you they thrive on change.  They are eager to adopt new school practices.  Why not you? Here are some examples of old school vs. new school practices. Bringing in New…

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The State of Small CPA Firms

Marc Rosenberg, CPA / October 16, 2017

Accounting Today contacted me recently for some insights on the state of small CPA firms – which is basically the vast majority of the 45,000 CPA firms in the U.S.A.  I define a small firm as any practice with revenues under $3M, including sole practitioners.  Here are some of the topics we covered: The demise of…

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Advice for the New Managing Partner

Marc Rosenberg, CPA / July 18, 2017

Baby Boomer managing partners, many of whom founded their firms, are retiring in droves.  Some firms have no successor to the MP and merge up.  Many others are electing younger, new MPs to replace their predecessors. Many of the likely candidates for the MP have received signals from the incumbent MP, the other partners, or…

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