CPA Practice

MARCH 15, 2023

In the past several decades, few topics have driven as much conversation among accounting professionals and firm leaders as has ongoing private equity investment in firms. This phenomenon has caused the profession to rethink the very model of firm ownership, success, partnership and hierarchy.

accounting firms 132

accounting firms Account accounted accountant 132

CPA Practice

DECEMBER 3, 2024

UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. With this deal, more than 35% of the top 30 accounting firms in the U.S. In the U.S.,

Non-Profits 111

Non-Profits tax consultant cpa firm auditor 111

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

accounting firms 111

accounting firms Account accountant accounted 111

CPA Practice

DECEMBER 28, 2023

ChatGPT ushered in a new era of automation in accounting (link goes to YouTube), for better or worse. In finance and accounting, early adopters have seen the potential of language-based AI interfaces to create scripts and formulas and draft responses to clients. After creating an OpenAI account, users can input any text they want.

accounting firms 119

accounting firms Account accountant accounted 119

Going Concern

JUNE 6, 2024

They’ve conveniently laid the results out in this chart: It’s encouraging to see staff compensation on the board for at least one category of firm. They might be *this close* to figuring out how closely that factor is tied to their talent problems. talent shortage

accounting firms 120

accounting firms cpa firm Account accounted 120

AdviceForTaxpreparers

SEPTEMBER 8, 2020

by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Now I understand the first reaction of many accountants to the concept of selling anything. Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time.

tax preparation 246

tax preparation Tax cpa firm tax return 246

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. The leadership teams of H&CO and Grennan Fender will work closely to ensure a smooth transition for clients, the firms noted in a news release. Terms of the deal were not disclosed.

cpa firm 105

cpa firm CPA Florida tax planning 105

Going Concern

AUGUST 28, 2024

Fresh off the big reveal of the 2024 Top 500 list , INSIDE Public Accounting has released another one of their yearly lists that tends to get less play than the big T100: Best of the Best. Of these “best” firms they say: What all the Best of the Best have in common is a focus on operational and financial excellence.

accounting firms 104

accounting firms Account accountant accounted 104

CPA Practice

AUGUST 31, 2023

After Duke Alexander Moore got a sneak peek at the questions he and the two other panelists would be asked during a session at the 2023 Unique CPA Conference, “Bridging the Gap,” there was a topic he knew nothing about, even as the owner of a tax and accounting business: the traditional accounting firm partnership business model.

cpa firm 103

cpa firm CPA cpas Account 103

CPA Practice

JUNE 7, 2024

This week at the ENGAGE conference in Las Vegas, topline results of the Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey were revealed during the AICPA Town Hall. What was discussed were the biggest issues facing accounting firms of differing sizes in 2024—and which of those challenges were the most common.

cpa firm 104

cpa firm CPA tax return accounting firms 104

CPA Practice

AUGUST 28, 2024

After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. The publication and online technology resource was founded in 1991 as The CPA Software News , and has evolved technologically along with the profession.

Technology 124

Technology accounting firms Account accountant 124

CPA Practice

JANUARY 3, 2025

The top 30 accounting firm has expanded into the Chicago market after acquiring CPA firm KRD Ltd., which has offices in Chicago and Schaumburg, IL, as well as Burkett & Beattie, a CPA firm based in Libertyville, IL.

accounting firms 80

accounting firms cpa firm Account accountant 80

Accounting Today

JULY 5, 2023

CPA firms have been recruiting more people without accounting degrees and backgrounds as a way to fill their open jobs while expanding diversity in their workforce.

accounting firms 114

accounting firms accounting degree cpa firm Account 114

CPA Practice

JULY 6, 2023

I didn’t realize it at the time, but stepping away from day-to-day operations was one thing managing partners at most modern accounting firms do (see #5 below). Here are seven keys to becoming a modern CPA firm. These firms have different tiers of service that give clients access to networking groups at the higher end.

accounting firms 108

accounting firms Account accountant accounted 108

CPA Practice

JULY 19, 2023

Top 20 accounting firm Wipfli is combining with Southfield, MI-based CPA firm Clayton & McKervey, effective Sept. Clayton & McKervey is the 259th biggest accounting firm in the U.S. million during its most recent fiscal year, according to INSIDE Public Accounting.

Michigan 97

Michigan cpa firm CPA accounting firms 97

CPA Practice

JULY 30, 2024

But a recent industry survey found that 42% of accounting firms are doing exactly that. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now. The reason?

cpa firm 113

cpa firm CPA accounting and finance Technology 113

Accounting Today

DECEMBER 5, 2024

Accounting firms see private-equity funding as a welcome resource for further expansion, but many professionals wonder what the true cost of the money is.

cpa firm 111

cpa firm CPA accounting firms accounted 111

CPA Practice

DECEMBER 20, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. The Dubuque, IA-based firm merged with Schowalter & Jabouri on Dec. The new location will be the first office in Missouri for Honkamp, and the merger increases the firm’s headcount to about 300 employees.

cpa firm 104

cpa firm CPA Iowa Wisconsin 104

ThomsonReuters

JANUARY 21, 2022

For many accounting firms, this could lead to new services being delivered or access to alternative market segments — both vital at a time when average revenue growth has slowed to 5.7% — the lowest in eight years according to the latest Rosenberg Survey. How do strategic partnerships drive new business for tax and accounting firms?

accounting firms 95

accounting firms Account accounted accountant 95

Accounting Today

SEPTEMBER 20, 2023

Accounting firms are seeing their revenues, partner income and profits increase this past year, even as more firms resort to outsourcing to fill their talent shortages.

cpa firm 126

cpa firm CPA accounting firms accounted 126

Going Concern

FEBRUARY 8, 2023

As CEO of a staffing firm that connects companies with professionals in Mexico, every day I speak with accounting firms, CFOs and other executives looking to hire accountants and other financial professionals in the U.S. despite having more than double the population, has just over 665,000 actively licensed CPAs.

accounting and finance 104

accounting and finance accounting firms Finance Account 104

CPA Practice

JUNE 2, 2023

Abdo LLP, a leading full-service accounting and advisory firm based in Minnesota, announced today that HG&K, Ltd. has merged with the firm. The newly combined firm will continue to operate under the Abdo name, with shared values, brand, and vision. Abdo is ranked as a Top 25 Accounting Firm by the Minneapolis/St.

Minnesota 95

Minnesota accounting firms Account accountant 95

Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

auditor 98

auditor audit Rhode Island cpa firm 98

CPA Practice

JUNE 7, 2024

Growth is often top of mind for accounting firm leaders, but what does sustainable growth actually look like in practice? In this Q&A, I asked Jason Blumer, CPA to discuss firm growth and what firms truly need to be able to scale and succeed. This is a majority of our work when we consult with larger firms.

accounting firms 91

accounting firms Account accountant accounted 91

Going Concern

FEBRUARY 6, 2025

Two years ago, two years after the first major private equity investment in a top 20 firm kicked off a flood of similar investments in some of the largest non-Big 4 firms in the country, the AICPA formed a task force to “look into issues raised by private equity investors in accounting.”

audit 90

audit auditor cpa firm CPA 90

CPA Practice

FEBRUARY 2, 2023

Top 10 accounting firm CBIZ, which provides financial, insurance and advisory services, has acquired the non-attest assets of Indianapolis-based Somerset CPAs and Advisors, effective February 1, 2023. Concurrent with this transaction, Mayer Hoffman McCann P.C., Concurrent with this transaction, Mayer Hoffman McCann P.C.,

accounting firms 85

accounting firms Account accountant accounted 85

CPA Practice

MAY 5, 2023

Fortune recently released its 26th annual ranking of the 100 best companies to work for , and the business magazine’s list for 2023 includes seven of the top 15 biggest accounting firms in the U.S. The following seven accounting firms made Fortune’s top 100 this year. million workers across the country.

cpa firm 124

cpa firm CPA accounting firms Healthcare 124

Going Concern

MARCH 15, 2022

Moving on… Moments later — OK it was actually an hour and 25 minutes later — we received this: We’ll give the firm’s security credit here for catching it as quickly as it did. Renee Flasher, CPA, Ph.D., Higgins, CPA, CGMA and reported in Journal of Accountancy. and James P.

accounting firms 83

accounting firms Maryland Account accountant 83

ThomsonReuters

MARCH 8, 2024

When it comes to changing pre-established practices in your firm, the logistics can feel like a moving target. As busy accountants, it’s easy to get stuck in survival mode. It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future.

cpa firm 96

cpa firm CPA Technology Tax 96

CPA Practice

APRIL 12, 2023

However, this focus on numerical indicators is contributing to the decline of the CPA profession itself. A talent shortage is affecting accounting firms across the demographic spectrum. Each year fewer accountants enter the profession while more CPAs near retirement. Has the CPA license entered a death spiral?

Account 136

Account accountant accounted Education 136

Going Concern

NOVEMBER 21, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate Account accountant accounted 52

CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. You don’t have to be a CPA. It’s not glamorous.

cpa firm 105

cpa firm CPA cpas Maryland 105

CPA Practice

OCTOBER 29, 2024

Few things have created more discussion and disruption in the profession than the current confluence of private equity’s entry into the accounting world with the ongoing talent shortage. From new hires to senior management, the firm remains dedicated to creating a workplace that employees want to be a part of — and its efforts shine through.

accounting firms 85

accounting firms Account accountant accounted 85

CPA Practice

AUGUST 11, 2023

The Green Thumb Approach in accounting allows your firm to grow and thrive. Accountants can take this same approach to grow their firm through careful and strategic planning. If you follow the right approach with your firm’s clients, you can nurture your relationships with them and watch them grow over time.

accounting firms 94

accounting firms Account accountant accounted 94

Going Concern

NOVEMBER 1, 2023

The Accounting & Financial Women’s Alliance and Accounting MOVE Project have released their Best Firms for Women list and while some names might prompt a hearty who?? What does it mean to be a best firm for women in the year 2023 anyway? So, what are firms that are outpacing the industry doing differently?

cpa firm 108

cpa firm CPA accounting degree accounting firms 108

CPA Practice

NOVEMBER 8, 2024

specializes in providing accounting services to industry-leading firms, including many Silicon Valley pioneers. Carr, Riggs and Ingram, a nationally ranked top 25 firm, has expanded its membership with the ITA to include the CAS track. Frank, Rimerman + Co. More information is available here.

Oklahoma 111

Oklahoma NetSuite Arkansas Technology 111

CPA Practice

SEPTEMBER 12, 2023

Maximize Profits, Minimize Stress: Expert Accounting Solutions Tailored for You Secure Your Financial Future with Our Trusted Accounting Services Achieve Business Success: Comprehensive Accounting Solutions for SMEs Unparalleled Accuracy, Unbeatable Service: Choose Us for All Your Accounting Needs Unlock Business Growth: Streamline Your Finances with (..)

cpa firm 115

cpa firm CPA accounting and finance cpas 115