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Decisions 2024: The Opportunities for Accounting Firms Have Never Been Greater

CPA Practice

I believe now is not the time to sell your firm for the bargain basement price of 1x revenue. For example, 1040 tax prep will likely soon be worth more than ever. Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever. handles K1s beautifully.

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Cherry Bekaert Achieves Top 5 Hedge Fund Auditor Ranking Following Acquisition of Spicer Jeffries

CPA Practice

OBannon Cherry Bekaert has been included in Hedge Fund Alert’s 2025 list of Top Hedge Fund Auditors. This list ranks the top CPA firms by the number of SEC-registered hedge funds audited. Following the recent acquisition of the business of Spicer Jeffries LLP , Cherry Bekaert is now ranked first among middle-market accounting firms.

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Two-thirds of clients ready to change auditors

Accounting Today

audit clients are ready to change firms within the next three years, according to a new report. audit clients are ready to change firms within the next three years, according to a new report. EDT 2 Min Read Facebook Twitter LinkedIn Email More than two-thirds (70%) of U.S. Inflos "Creating a New Audit Experience for U.S.

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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

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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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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

Bench to be acquired after abruptly shutting down [ TechCrunch ] Bench, the VC-backed accounting startup that left thousands of customers locked out of their accounts after it suddenly shut down last week, will be acquired by Employer.com for an undisclosed price in a last-minute deal, TechCrunch has exclusively learned.

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Friday Footnotes: CPAs Disappearing From CPA Firms; Grant Thornton Tries to Win Grant Thornton | 7.11.25

Going Concern

Johnson said accounting firms are being more aggressive and strategic in attracting prospective accountants. Talent Attention, firms! Steve Piascik will join CohnReznick as office managing partner for Richmond while Ryan Losi will join as a partner in the international tax practice.