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

JUNE 24, 2024

I asked ChatGPT what forms it recommended for a CPA firm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.

accounting firms 124

accounting firms cpa firm accounted Account 124

CPA Practice

MARCH 15, 2023

Audit firms cannot be owned and operated by non-CPAs, therefore firms that accept majority outside investment, or are hoping to attract it in the future, generally must organize their audit/attest practice independently from their tax/advisory/consulting side, allowing for PE investment in the latter.

accounting firms 132

accounting firms accountant accounted Account 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.

Non-Profits 111

Non-Profits tax consultant auditor cpa firm 111

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

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. Bill Meador, CPA, JD. Bill Meador is a CPA and lawyer who has worked in the tax departments of public accounting firms for over twenty years. Accounting LIONs.

tax preparation 246

tax preparation Tax cpa firm tax return 246

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. By Steve Saah. The reason?

cpa firm 113

cpa firm CPA accounting and finance Technology 113

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

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 accountant 111

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 accounted Account 120

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 accountant 126

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 accounted 103

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

This article will better explain how your accounting firm should (and should not) use tools like ChatGPT. The Good – ChatGPT’s Abilities to Boost Efficiency for CPA Firms ChatGPT is the culmination of recent advances that put powerful new AI tools into the hands of general users. Learn more.

accounting firms 119

accounting firms Account accountant accounted 119

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

Going Concern

AUGUST 28, 2024

. / Pittsburgh Christopher McElroy / Steven Thompson $124,033,517 Berkowitz Pollack Brant / Miami Joseph Saka $118,795,963 Bennett Thrasher LLP / Atlanta Jeff Call $102,790,108 Source: INSIDE Public Accounting Best of the Best CPA firms 2024 Yeah, we probably could have cut this list down to 10.

accounting firms 104

accounting firms Account accountant accounted 104

ThomsonReuters

MARCH 8, 2024

It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability?

cpa firm 96

cpa firm CPA Technology Tax 96

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

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. Ditch time tracking I’ve always found time tracking to be a waste of your team’s time and your clients’ time.

accounting firms 108

accounting firms accountant accounted Account 108

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 accounted Account accountant 95

CPA Practice

AUGUST 30, 2023

“The one who did choose accounting, obviously we didn’t ask this question, but to the others we asked: Why didn’t you choose accounting? Pretty much overwhelmingly they said it was because you have to have an accounting degree and a CPA, which isn’t true. You don’t have to be a CPA.

cpa firm 105

cpa firm CPA cpas Maryland 105

Going Concern

FEBRUARY 6, 2025

They said : A task force of the American Institute of CPAs Professional Ethics Executive Committee (PEEC) will seek public comment on its preliminary conclusions about revisions to independence rules related to alternative practice structures, changes driven by the increasing prevalence of private equity investment in accounting firms.

audit 90

audit auditor cpa firm CPA 90

Accounting Today

NOVEMBER 13, 2023

Have you ever looked at the websites of the top five CPA firms in your market and observed what similar services they provide?

cpa firm 86

cpa firm CPA accounting firms accountant 86

Going Concern

NOVEMBER 1, 2023

From the list’s press release [ PDF ]: In the 2023 Accounting MOVE Project report, released today, a talent-starved profession receives a fresh influx of strategies and inspiration for investing in the women it must attract and retain to achieve short goals and survive long-term.

cpa firm 108

cpa firm CPA accounting degree accounting firms 108

Going Concern

JANUARY 3, 2025

PR Newswire ] Aprio, the 25th largest business advisory and accounting firm in the U.S., announces the strategic acquisitions of two leading accounting firms, KRD, Ltd. Two anonymous accountants and an unnamed accounting firm have challenged the Public Company Accounting Oversight Boards enforcement authority.

auditor 98

auditor audit Rhode Island cpa firm 98

CPA Practice

JANUARY 30, 2024

Syracuse, NY-based accounting firm Bowers CPAs & Advisors has expanded its presence in Rochester after combining with Kasperski Dinan & Rink CPAs on Jan. Financial terms of the deal weren’t disclosed.

cpa firm 98

cpa firm CPA forensic accounting cpas 98

CPA Practice

JUNE 2, 2023

Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger commented, “Abdo might be 60 years old, but they have the culture of a “day-one startup” which resonates extremely well with young, entrepreneurial talent. They chose Abdo primarily because of the culture alignment, as both firms have a “people first” mentality.

Minnesota 95

Minnesota accounting firms Account accountant 95

CPA Practice

SEPTEMBER 12, 2023

You are in the home stretch of the year, and it’s time to think about how this quarter could impact Q1 of next year—the busiest time for some CPAs. You can continue your passive social media efforts, but are they really paying off?

cpa firm 115

cpa firm CPA accounting and finance cpas 115

CPA Practice

OCTOBER 2, 2023

This strategic move marks a significant milestone in the firm’s growth and evolution, positioning it for even greater success in the future. The firm merged with Agawam, Massachusetts-based accounting firm, Corbin & Tapases on September 27. The staff and clients of Corbin will join under the new Venning brand.

Massachusetts 80

Massachusetts cpa firm CPA accounting firms 80

CPA Practice

NOVEMBER 28, 2023

Houston-based accounting and advisory firm abip CPAs & Advisors and San Antonio-based accounting firm Brehm, Havel & Co. A regional firm with a national reach, abip has more than 100 professionals in offices based in Houston, San Antonio, New Braunfels, and the Woodlands. will merge effective Jan.

Texas 97

Texas cpa firm CPA cpas 97

Going Concern

MARCH 15, 2022

A Chicago firm is facing a class-action lawsuit for letting personally identifiable information (PII) and protected health information (PHI) fall into the wrong hands [ PDF here ]. 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

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.,

accounting firms 85

accounting firms Account accountant accounted 85

CPA Practice

AUGUST 28, 2024

As in 2023, AI systems were again dominant among the winners of the 2024 Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. “ AuditFile AI is like the self-driving car of auditing.

Technology 124

Technology accounting firms Account accountant 124

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

MARCH 31, 2023

The accounting profession has changed significantly over the past 50 years, and I imagine it will evolve even more rapidly in the days to come, but our firm’s commitment to ethical and loyal corporate citizenship will never waiver,” said Clark.

West Virginia 98

West Virginia cpa firm CPA Virginia 98

CPA Practice

JUNE 6, 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 64

cpa firm CPA tax return accounting firms 64