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We Think We Know Who’s About to Do a Big PE Deal

Going Concern

So FT ran this yesterday: ‘ Private equity groups poised to own one in three top US accounting firms ‘ and in it, they paraphrased people familiar with the matter as saying “ten of the 30 largest US accounting firms could soon be in private equity hands.”

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Risks of Non-Compliance

TaxConnex

Two decades later, SSVE’s new accounting firm discussed several tax and accounting issues with McCabe, including SSVE’s failure to collect the appropriate amount of sales tax. Montgomery, Alabama: Two convenience store operators have pleaded guilty to failing to pay sales taxes. McCabe still refused to change his ways.

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Jackson Thornton Adds MST CPAs & Advisors

CPA Practice

Top 200 accounting firm Jackson Thornton acquired fellow Montgomery, AL-based firm MST CPAs & Advisors, effective March 1. We’re excited about this expansion and believe that this is a natural fit for both firms.” The firm has five locations in Alabama: Montgomery, Auburn, Dothan, Prattville, and Wetumpka.

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Monday Morning Accounting News Brief: Heads Up, the IRS Is Scrutinizing Partnerships; | 6.17.24

Going Concern

The Montgomery Advertiser of Alabama profiled an accountant stimulating her community both economically and charitably : When Melissa Wood, accountant and entrepreneur, opened her accounting firm in Elba nine years ago she didn’t realize how much she would add to the town she describes as a close and genuine community.

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Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23

Going Concern

In Australia, EY is still bungling this one up : EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. Go forth and account. From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

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BMSS Brings on CPA Firm Haddox Reid Eubank Betts

CPA Practice

Top 200 accounting firm BMSS Advisors & CPAs has combined with Haddox Reid Eubank Betts, a Ridgeland, MS-based CPA and advisory firm. Consolidated under the BMSS name, the combined firm has 32 partners and 125 CPAs for approximately 325 employees in total. Terms of the deal weren’t disclosed.

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.