Posts Tagged ‘CPA firm strategic planning’
AI’s Impact on CPA Firms – What Will It Be?
Artificial Intelligence (AI) has made a huge splash, to say the least, in the last twelve months. What will its ultimate impact be on CPA firms? Here’s a roundup of what we know so far… and what is yet to be determined. What we know so far ChatGPT launched on Nov. 30, 2022, and rapidly…
Read MoreFrom Failing Plans to Successful Change
Times have changed dramatically for CPA firms: staffing crises, remote workers, technological advances, retiring partners, new expectations about what a work week should look like…. Traditional strategic planning has become less effective. We need a new model that works in our new era. Let me introduce you to it. The Decline of One Person Having…
Read MoreSuccess Stories of a Top 10 Most Recommended Consulting Firm
Last month, Rosenberg Associates was named one of INSIDE Public Accounting’s Most Recommended Consulting Companies. This achievement was made possible by an incredible group of clients that gave us the opportunity to help propel their firms to growth, clarity, and next-level goals. To highlight a few examples, here are five success stories we were grateful…
Read MoreFive Keys to Implementing Your Strategic Plan
Matt Rampe is a partner with Rosenberg Associates and specializes in strategic planning, partner coaching, and resolving difficult partner issues. You got in a conference room to do strategic planning, got excited about big ideas, and designed things that sounded really good on paper. Now is the hard part: implementation. Without follow through after the…
Read MoreHow CPAs Become Great Consultants
The accounting profession has come a long way since the first CPA exam was administered in New York, in 1896. Outside events, such as the creation of the SEC and the tech revolution, have dramatically changed CPA firms’ service portfolios. In the early 80s, a legendary CPA industry consultant, Don Istvan, told practitioners that accountants…
Read MoreA Skeptic’s View of the Most Important Issues in Accounting
The acclaimed Accounting Today (of which I have been a devoted, loyal reader for 30 years) recently came out with its Top 100 Most Influential People in Accounting list. These luminaries were asked what they thought the most important issues in accounting were. Their responses commonly included: Change; fear of; resistance to. (most often cited…
Read MoreWhat Smaller Firms Need to Do to Become Firms of the Future – Part 2 of 2
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…
Read MoreWhat Smaller Firms Need to Do to Become Firms of the Future – Part 1 of 2
It used to be common for practice management conference agendas to include a panel of luminaries – prominent consultants and rock star managing partners – to make predictions for the CPA industry. As an up-and-coming consultant (who was too new to be invited as a panelist), I saved several years of these predictions to see…
Read MoreDo or Do Not – There Is No ‘Try’
Those are the immortal words of one of my two favorite movie mentors, Yoda from Star Wars. (Mr. Miyagi from Karate Kid is a close second). Yoda is giving young Luke Skywalker his Jedi training and asks if he is ready. Luke responds, “I’ll give it a try,” prompting our beloved Jedi Master to utter…
Read MoreTrending: What I’m Seeing at CPA Firms This Year
Staff. Firms are continuing to step up their efforts to be more liberal and staff-friendly with their staff policies. More unlimited PTO polices including many variations of this, working remotely, staff setting their own hours, etc. Unfortunately, I am not seeing any changes in the lip service most partners give to staff mentoring. 80% of…
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