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ESOP Accounting Firm CEO Talks Some S**t About PE-Backed Firms

Going Concern

More than one-fifth of respondents (21%) described the culture of their firm as family-like, and a further 17% as traditional, which may not be seen as a natural fit for PE investment. In “Choosing your accounting firm: why ownership matters” he writes: The accounting industry is currently at a crucial crossroads.

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Optimism declines among accountants

Accounting Today

The shift signifies growing apprehension across Main Street accounting firms serving as advisors on tax, payroll and compliance decisions amid a backdrop of historic tariff actions, continued inflation and unpredictable tax and trade policies.

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M&A roundup: Plante Moran, Sax and GHJ expand

Accounting Today

Plante Moran merges in Tonneson Plante Moran, a Top 25 Firm based in Southfield, Michigan, has added Tonneson + Co, a firm based in Wakefield, Massachusetts, expanding its footprint on the East Coast to the Boston area, effective July 1. It has a team of over 100 professionals.

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Tech news: Bloomberg announces new features for AI Assistant

Accounting Today

Through this integration, Bitwave customers will gain access to BVNKs embedded stablecoin wallets to pay invoices in USD, settle in stablecoins; accept payments in stablecoins, receive fiat; simplify reconciliation and automate GAAP/IFRS reporting; and access automated workflows for tax, accounting and compliance. …

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Armanino merges in SAOS

Accounting Today

In February of this year, Armanino acquired Boca Raton, Florida-based ERP and technology consulting firm Complete Business Solutions. Louis, and Blue Sky Group, a music business management team in Nashville.

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GHJ Adds Hacker Douglas in California

CPA Practice

The Los Angeles-based top 100 accounting firm said on June 10 it has added fellow LA firm Hacker, Douglas & Co., which specializes in profit participation and entertainment accounting.

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Accountants’ Recent Pessimism Driven by Economic and Policy Uncertainty

CPA Practice

This shift underscores growing apprehension across Main Street accounting firms serving as frontline advisors on tax, payroll, and compliance decisions, Avalara said. In contrast, farming (6%), franchising (3%), and arts and entertainment (2%) are seen as the most vulnerable sectors, according to accountants.