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The post Friday Footnotes: CPAs Disappearing From CPAFirms; Grant Thornton Tries to Win Grant Thornton | 7.11.25 . “We’ll just be one large employee base, if you will – some of them are digital and AI, and some of them are biological.” appeared first on Going Concern.
By Chris Gaetano July 9 Practice management Franklin Alliance acquires second firm The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPAfirms. All rights reserved.
By Chris Gaetano July 9 Practice management Franklin Alliance acquires second firm The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPAfirms. All rights reserved.
Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPAfirms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season. All rights reserved. Mindset is paramount. Think — plan — grow!
As is common among many accountingfirms taking PE capital, Elliott Davis will operate in an alternative practice structure. Elliott Davis, a licensed CPAfirm, will continue to provide attest services. Flexpoint had evaluated other CPAfirm platforms but with Elliott Davis it was love at first sight.
By Danielle Lee 8h ago Practice management Accountants expect firms to shrink headcount by 20% Fifty-two percent of accountants expect their firms to shrink in headcount by 20% in the next five years, according to a report by the Indiana CPA Society. All rights reserved.
By Danielle Lee 8h ago Practice management Accountants expect firms to shrink headcount by 20% Fifty-two percent of accountants expect their firms to shrink in headcount by 20% in the next five years, according to a report by the Indiana CPA Society. All rights reserved.
By Chris Gaetano July 9 Practice management Franklin Alliance acquires second firm The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPAfirms. All rights reserved.
The merger is the third since Armanino received a minority investment from private equity firm Further Global Management last October, helping fuel its aggressive M&A strategy, which has seen the firm finalize over 20 combinations since 2019. All rights reserved.
EDT 3 Min Read Facebook Twitter LinkedIn Email Sax, a Top 75 Firm based in Parsippany, New Jersey, has received a minority investment from Cobepa, a private equity firm with offices in Brussels and New York, the latest firm to receive a PE investment. All rights reserved. billion fund. "I
If an online shipping company can inject that much personality into something as mundane as postage, whats stopping CPAfirms from doing the same? Too often, accountingfirms hide behind a veil of professionalism that borders on sterile. Here are five ways CPAfirms can embrace that idea: 1.
To start, ownership in a CPAfirm is more expensive today than it ever has been. There is more than $15 billion of private capital (more than 1x revenue for the remaining, independent G400) that has decided an ownership stake is worth more than what your firms partnership agreement says it is. All rights reserved.
Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial AccountingStandards Board (FASB). Everybody measures the same things, in the same way.
Ready to streamline your CPAfirm’s operations and boost growth? Download our free whitepaper , “How to Enhance Operational Efficiency in CPAFirms” and start transforming your processes today.
Koziel added some valuable advice for firm leaders from his time working at a Buffalo-based CPAfirm in the 1990s: "When I was in charge of recruiting, Id ask our partners, Is this firm the right place for your kids? audit clients are ready to change firms within the next three years, according to an Inflo report.
CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial AccountingStandards Advisory Council for an initial one-year term beginning Jan.
Theres vision for you as an individual and then theres vision for your firm. You or at what point did you know you wanted to be managing partner of a CPAfirm? All rights reserved. But lets talk a little bit about the vision for yourself. Well, first of all, I think the visions are one and the same.
By Michael Cohn 6h ago Practice management Ascend adds two East Coast firms Ascend added two more CPAfirms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1. All rights reserved. By Paige Hagy 8h ago Like what you see?
AccountingAccountingstandards Corporate ethics International accounting MORE FROM ACCOUNTING TODAY Practice management M&A roundup: LMC, Sorren and Alpine Mar expand LMC merges in Stephen A. All rights reserved. By Paige Hagy 8h ago Like what you see?
On Tuesday, Ascend added two other firms : BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1. LLP, an independently owned and licensed CPAfirm, will provide attest services, and LMC Advisors LLC will provide tax and business advisory services.
Orlando pet supply store, accountingfirm file for Ch. 11 bankruptcy protection [ Orlando Business Journal ] The Accounting Lab Group which has offices in Lake Mary and other East Coast cities filed for Chapter 11 bankruptcy March 25.
By Danielle Lee 8h ago Practice management Accountants expect firms to shrink headcount by 20% Fifty-two percent of accountants expect their firms to shrink in headcount by 20% in the next five years, according to a report by the Indiana CPA Society. All rights reserved.
By Michael Cohn 6h ago Practice management Ascend adds two East Coast firms Ascend added two more CPAfirms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1. All rights reserved. By Paige Hagy 8h ago Like what you see?
By Michael Cohn 6h ago Practice management Ascend adds two East Coast firms Ascend added two more CPAfirms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1. All rights reserved. By Paige Hagy 8h ago Like what you see?
By Michael Cohn 6h ago Practice management Ascend adds two East Coast firms Ascend added two more CPAfirms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1. All rights reserved. By Paige Hagy 8h ago Like what you see?
Sources: Lease Query: Five Tips for Small Business Lease AccountingCPA Hall Talk: How to Understand the New Lease AccountingStandard HWA Alliance of CPAFirms, Inc.:
I asked ChatGPT what forms it recommended for a CPAfirm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.
CPAfirms play a critical role in today’s complex financial landscape. However, operating a successful CPAfirm comes with its fair share of challenges. From constantly changing regulatory requirements to fierce competition, CPAfirms often face obstacles that can hinder their growth and profitability.
As we move toward 2025, the importance for CPAfirms to leverage technology for streamlined operations and enhanced productivity has never been more critical. What should CPAfirms be doing right now in this ever-changing landscape?
LeaseCrunch optimizes lease accounting processes for CPAfirms by automating calculations and the required deliverables. The solution allows firms to streamline operations, save time, reduce errors, lower costs and simplify compliance with the new lease accountingstandards.
An insightful takeaway from 2023 is that for CPAfirms and entities handling the intricate world of ongoing lease accounting this becomes even more critical. Until recently, spreadsheets held their ground as the go-to tool for accountants.
LeaseCrunch LLC , a maker of lease accounting technologies, has nearly doubled its team as the company achieves record growth. LeaseCrunch now supports over 500 CPAfirms (including 43% of the top 400 CPAfirms as ranked by Inside Public Accounting ) and 15,000 companies across the nation on its lease accounting software.
We understand that year-end accounting can be stressful, especially with the complexities of the lease accountingstandards, says Jess Vento, senior director of solution engineering, education and support at LeaseCrunch. Our goal is to empower CPAfirms and accounting teams with the tools and solutions they need to succeed.
Carbon accounting is a quantitative, compliance-heavy reporting exercise that requires detailed recordkeeping that must be verifiable. Cherry Bekaert is a Public Company Accounting Oversight Board (PCAOB) CPAfirm that can help your company comply with carbon accounting and reporting requirements.
How Industry Intelligence Assists CPAFirms Better When it comes to offering higher-level CFO consulting services to clients, CPAfirms are often limited by bandwidth. They can also help ensure compliance with relevant accountingstandards, tax regulations, and other legal requirements.
“They offer a valuable platform to connect with CPAfirms and industry peers to share insights on lease accounting. Through presentations, networking events and discussions at our booth, we aim to empower attendees with the knowledge and confidence to navigate ongoing compliance with the lease accountingstandards.”
He most recently held a technical accounting role at a Fortune 500 financial services company where he helped lead complex implementations of accountingstandard updates issued by the Financial AccountingStandards Board.
Credit and debit cards, along with eChecks, are the most common ways businesses pay their accountants, Hall noted, though businesses’ payment preferences don’t always match an accountingfirm’s. CPAfirms typically prefer to use the payment method that incurs the lowest total fee.”.
As an example of the ChatGPT response to “What are the most time-consuming items in a CPAFirm,” ChatGPT suggested the following (completely unedited): Accounting or Certified Public Accountant (CPA) firms often have to manage numerous tasks, some of which can be quite time-consuming.
The decision will likely set up another showdown with Australian politicians who have strongly criticised the firm for not sharing the report, and frustrate government departments that have believe it should be shared. Movers and Shakers Jackson M. Day to the role of director of technical activities.
Even before the pandemic, I saw young accountants make a common mistake: assuming they are burned out with public accounting as a profession, when the truth is their current firm just isn’t the right fit. What is important to remember is that all public accountingfirms are not the same.
At the same time, the big national CPAfirms are increasingly disinclined to vie for lower-profit governmental audit engagements. So there is a skills shortage as well as an economic disincentive. As with most supply chain problems, the solution is more complicated than just turning on a switch.
Staffing, IRS Service Problems and Leadership Development are Top Issues for CPAFirms, AICPA Survey Finds Finding qualified staff is the top issue for all categories of accountingfirms except sole practitioners, according to a biennial survey by the American Institute of CPAs’ firm practice management section.
ITA is the highly-regarded international not-for-profit association of leading Consulting firms and VARs, CPAfirms, and technology product/service providers. LeaseQuery provides a software platform built by accountants to enable accounting teams to move complex accounting out of spreadsheets and into the secure cloud.
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