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UHY Receives Private Equity Funding From Summit Partners

CPA Practice

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.

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How agentic AI is redefining the tax and accounting profession

ThomsonReuters

While advanced tax technology and automation are nothing new for most accounting firms, the introduction of agentic AI is redefining what classifies as a mundane task. Agentic AI presents an opportunity to significantly elevate the role of accountants from once-a-year tax preparers to year-round tax consultants.

Tax
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Boomer's Blueprint: 4 ways algorithms can improve your firm

Accounting Today

Four specific examples of areas where algorithms can help firms are described below, but no matter the area, adopting algorithms requires deliberate planning and execution: 1. Identify opportunities Assess pain points in tax, audit, scheduling, and advisory workflows.

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Prosperity Partners Acquires Pipaya in Virginia

CPA Practice

Jason Bramwell Private equity-backed tax and accounting firm Prosperity Partners said Tuesday it has acquired Vienna, VA-based transaction services firm Pipaya. 1, in a deal involving two of the 100 largest accounting firms by revenue in the U.S. and Burlington, VT.

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Four ways tax and accounting professionals can start using agentic AI right now

ThomsonReuters

The reality is that agentic AI is already transforming the way accounting and tax professionals work every day. Jump to ↓ Why is agentic AI a good fit for tax and accounting? How you can optimize tax workflows today Your competitors are already using agentic AI to grow capacity, reduce risk, and improve client service.

Tax
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DMJPS expands in Charlotte

Accounting Today

The expanded firm will continue to offer accounting and advisory services along with strengthened capabilities in business valuations, fractional CFO, client accounting, international tax consulting, litigation support, and succession planning, as well as medical and dental practice consulting through DMJPS Healthcare.

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Tech news: Audit Sight releases Management Meeting Module

Accounting Today

million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena. million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena.