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The Rise of Non-CPAs in CPA Firm Acquisitions

CPA Practice

The accounting profession is undergoing a significant transformation as more non-CPAs acquire CPA firms. While private equity firms buying large CPA practices may make headlines, a more impactful shift is happening beneath the surface. The Trend: Why Are Non-CPAs Buying CPA Firms?

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Tax Firms Without AI Strategies Will Fall Behind (and Fast), New Study Warns​

CPA Practice

OBannon A new study from Thomson Reuters comes with a stark warning to the tax and accounting industry: firms without artificial intelligence strategies could fall irrevocably behind in the next 12 months as competing firms leverage the technology to transform faster, serve better, and hire smarter.​

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Transforming tax preparation: How SurePrep revolutionized this CPA firm

ThomsonReuters

Let’s take a look. The c hallenge: Time- c onsuming, m anual d ata e ntry Like many accounting firms, Madsen, O’Meara and Company was consumed with manual data entry and struggled to manage their workload during tax season given the high volume of work and limited staff.

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IMA Expands Its Management Accounting Competency Framework

CPA Practice

Jason Bramwell Mergers and Acquisitions June 25, 2025  RubinBrown Combines With Maggart & Associates in Tennessee The top 40 accounting firm is growing its presence in the Nashville market by joining forces with Maggart, one of the largest CPA firms in the Middle Tennessee region, effective June 2.

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Armanino Adds Strategic Accounting Outsourced Solutions

CPA Practice

Jason Bramwell Top 20 accounting firm Armanino has expanded its managed service offerings by joining forces with Strategic Accounting Outsourced Solutions, a specialized outsourced accounting firm. Thanks for reading CPA Practice Advisor! Financial terms of the deal weren’t disclosed.

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What to Do When the Future Looks Scary (Again)

CPA Practice

Closer to home, accounting firm leaders face hiring challenges, succession planning woes and the very real question: what role will humans play as AI and automation take over more of our work? Economists can’t agree on whether we’re heading for a soft landing or a recession, or whether we’re in one now.

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New Ignition and Karbon Integration Aimed at Unifying Billing and Workflow Automation

CPA Practice

Jason Bramwell Practice management software provider Ignition said Tuesday it has launched an enhanced integration with practice intelligence platform Karbon, bringing together solutions that help accounting firms streamline how they engage and onboard clients—and get paid.