Posts Tagged ‘CPA-Firm-Management-Governance’

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…

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…

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…

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…

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…

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…

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…

I’m writing this three days after the Cubs won their first World Series in 108 years.  I can’t believe it.  I’m still stunned.  Please indulge me while I devote this week’s post to one of the highlights of my life. I think of why I became a Cubs fan.  Because my Uncle Bob bought me…

Twenty years of consulting gives me a unique view of CPA firm management.   While many things have changed over the years – mostly for the better – others have remained the same.  I always chuckle when I see firms take opposing views on issues that have been hotly debated for decades, with no sign…