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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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Updated Effects of COVID on CPA Firms – New Survey Results

Marc Rosenberg, CPAMarc Rosenberg, CPA / September 10, 2020

This month, we repeated a survey of 52 CPA firms to better understand the effects COVID is taking on the industry. The vast majority of respondents were repeat participants from our June COVID survey of 61 firms. Read our previous blog post here.   Most firms surveyed were in the $7-15M revenue range. Forty-seven of…

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CPA Firms’ Overemphasis of Ownership Percentage

Marc Rosenberg, CPAMarc Rosenberg, CPA / August 5, 2020

It may seem intuitive to use ownership percentage to decide important financial and governance issues, here are three common reasons why: 1. Many clients use ownership percentages to drive important matters. CPA firms reason: “If our clients do it, why shouldn’t we?” 2. Related to #1, many CPA firm clients are companies who derive a…

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What Smaller Firms Need to Do to Become Firms of the Future – Part 2 of 2

Marc Rosenberg, CPAMarc Rosenberg, CPA / July 27, 2020

If you want your firm to be a firm of the future, these are seven more things your firm should be brainstorming at your upcoming partner retreats. Visit the previous post on this topic, What Smaller Firms Need to Do to Become Firms of the Future – Part 1 of 2, to see the other…

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Developing a Truly Progressive Next Gen Culture – Part II

Marc Rosenberg, CPA / February 26, 2019

Our Chicago roundtable, consisting of the most prestigious and largest local CPA firms in the Windy City, recently convened a conference that brought the house down.  Our goal was (a) to address the #1 challenge to CPA firms today – managing all staff issues from recruiting to retention to developing NextGen leaders and (b) to…

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Developing a Truly Progressive Next Gen Culture

Marc Rosenberg, CPA / January 14, 2019

Our Chicago roundtable, consisting of the most prestigious and largest local CPA firms in the Windy City, recently convened a conference that brought the house down.  Our goal was (a) to address the #1 challenge to CPA firms today – managing all staff issues from recruiting to retention to developing NextGen leaders and (b) to…

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