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,…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

Our MP Roundtable recently spent a morning with one of the most innovative MP’s I’ve met in recent years – Greg Burbach of $60M Honkamp Krueger, Dubuque, IA. Here are some key takeaways from his talk. Client relationships. We encourage our staff to talk to clients face-to-face or on the phone, and always try to…

Read More

Our good friends, Kelly and Mike Platt of INSIDE Public Accounting were kind enough to interview me for their fabulous newsletter.  They asked my advice on leading-edge practice management.  Highlights: What are the common denominators of successful firms? Growth, marketing and active practice development. Revenue growth energizes the firm, creates continuous new opportunities for staff…

Read More

CPAs nationwide are outraged, frustrated and fed up.   The  U.S. government’s revenue collector is in chaos and no solution is imminent. CPAs representing their clients can’t reach IRS agents by phone and spend hours dealing with inexperienced and over-taxed IRS auditors.  Cyber-security disasters occur with disturbing regularity.  To make matters worse, the IRS is…

Read More