Succession planning

Leaders of the accounting profession discuss its biggest nightmares

BlumShapiro has chosen Joseph Kask as the Connecticut-based accounting firm’s next managing partner, effective Jan. 1, 2016.

Net fees at CPA firms and per-partner income grew this past year, according to the newly released Rosenberg Survey.

Only 10 percent of accounting and finance professionals believe there is someone internally who could easily step in to fill their role if they quit, according to a new survey.

With an estimated 75 percent of CPAs expected to retire over the next 15 years, according to the AICPA, CPA firms are under pressure to recruit and retain a sufficient number of young accountants to keep the business going.

Marc Rosenberg of Rosenberg Associates has published a new how-to guide for facilitating accounting firm partner retreats.

Four out of five family-owned businesses in the United States are not ready for succession, according to a new study by the accounting firm Baker Tilly.

Is turning out the lights an option?

Professional advisors need to be more protective -- of both their practices and their clients, according to HD Vest president and CEO Roger Ochs.

Chris Rush of ADP discusses the changing demographics, technology and regulation in the accounting profession and how firm leaders can deal with succession planning, recruitment, retention, cloud computing, and the Affordable Care Act, in an interview with Accounting Today editor-in-chief Dan Hood.

George Farrah, executive editor of Bloomberg BNA Tax & Accounting, discusses changes in the accounting profession and the technology and recruiting strategies used by firms, in an interview with Accounting Today editor-in-chief Dan Hood.

The Baby Boomer exodus and technological change are making Millennials more influential than anyone expected

Top 20 accounting firm CohnReznick LLP has elected Frank Longobardi its next chief executive officer, effective October 1,

Let’s say one of your top players at your firm is out suddenly for the remainder of the most important time of the year. What do you do?

I had a client who had five sons and three daughters that worked in his business. Their ages ranged from 28 to 48. I was helping him with exit planning and suggested that I could possibly structure a transaction where either some or all of his children could buy his business.

Marc Rosenberg, president of the Rosenberg Associates, discusses succession planning, mergers, firm growth, income per partner and other major trends in the accounting profession from the Rosenberg Survey, in an interview with Accounting Today editor-in-chief Dan Hood.

Self-created obstacles to accounting firm growth

Selling an accounting practice is a once-in-a-lifetime experience for most practice owners. There is much time, energy and money invested in an accounting practice, so finding the right buyer is crucial. Since it is such a rare event, sellers should be educated about some of the key misconceptions about the process.

How should the managing partner or CEO of a firm think and react in order to keep the firm lively and vibrant?

The Indiana CPA Society’s CPA Center for Excellence has steered its first CPA firm through its new advisory services program.