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Abdo LLP Merges In Minnesota Accounting Firm HG&K

CPA Practice

Abdo LLP, a leading full-service accounting and advisory firm based in Minnesota, announced today that HG&K, Ltd. has merged with the firm. The newly combined firm will continue to operate under the Abdo name, with shared values, brand, and vision.

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150 Hour Rule: Let’s Keep Arguing About What Color the Drapes Should Be While the House is Burning Down

Going Concern

Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure. Companies, not just CPA firms, are struggling to fill senior accountant roles and jobs for accountants with three to five years of experience. This has been my challenge with Minnesota.

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Wealth Management Firm Buys BerganKDV in ‘First of Its Kind’ Deal

CPA Practice

A wealth management firm, which had more than $210 billion in combined assets under management and advisement as of Dec. 31, 2022, went shopping recently and bought itself one of the 100 largest accounting firms in the U.S. 3 on Barron’s Top 100 Registered Investment Advisor Firms for 2022 , acquired St.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective. Things are about to get a lot harder for Minnesota CPAs and everyone who depends on them. Here’s why, and here’s why you should care.

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Wealth Management Firm Buys BerganKDV in ‘First of Its Kind’ Deal

CPA Practice

While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm. Yesterday’s] deal is a first of its kind in the accounting profession!

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AICPA Releases Guidance on Changes to State Licensure Requirements

CPA Practice

“But with some states pursuing legislation that impacts CPA mobility well beyond their own borders, it would be irresponsible for us not to have resources in place to reflect those potential outcomes and stakes. For more information, please visit the AICPA’s resource page on protecting CPA mobility.

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Monday Morning Accounting News Brief: The Real Reason 150 Hours Exists; KPMG Pensioners Call Partners Immoral, Despicable | 1.22.24

Going Concern

Johnson Montessori, a Minneapolis charter school that shut down last week amid financial trouble, lost its auditor last year and has yet to submit audits for 2022 or 2023 to the Minnesota Department of Education (MDE), according to the school’s authorizer, Osprey Wilds. The collapse of St.