Valeriia M.’s Post

Accounting firms are continuing the trend of creating more and more non-equity partners. They get "the opportunity for more responsibility, more autonomy and more money", but without the ownership. So far, it's led to higher retention, more room to move up, and more space for additional customers. How do you feel about making someone a non-equity partner? What's the deciding factor in the equity portion? #partners #cpa #business

When we talk about disruption in the accounting profession and the opportunities that it creates, this is what we mean. How do firms compete in the industry and remain profitable? I'm sure this deal will be a big shocker to many, but we are not surprised at all! Are you leaning towards maintaining independence or are you still uncertain about your next steps? We can set a time to discuss your current challenges and how we can assist. - Alisandy Abinader The Visionary Group 800-995-9186

The math adds up for private equity and independent sponsors making investments in accounting firms. ✳️ Accountants (1) can take chips off table, (2) reinvest in their businesses, and (3) become part of a larger platform (shared services, technology improvements, cross-selling). ✳️ PE / I-sponsors love (1) fragmented sector’s stable cash flows, (2) loyal customers, and (3) rosy financial projections (especially on the transaction advisory / consulting side). ✳️ More than 70 deals have recently closed utilizing PE’s “healthcare playbook” of alternative practice structures (APS) to satisfy state regulatory requirements on ownership (ie, splitting the business into two parts). ✅ At Lippes Mathias LLP, we have seen a lot more client legal activity (in representing sponsors and accounting firms). Similar to business services sector, tons of roll-up potential in the space. Please free to reach out if you want to discuss - love to chat further if we can be a trusted legal advisor. #privateequity #independentsponsor #accounting #accountingfirm #investment #acquisition #alternativepracticestructure #asp #ebitda #multiple #accountant #businessservices

🔎BILL CMO Sarah Acton asks Jason M. Blumer, CPA to discuss firm growth and share what he believes firms really need to scale successfully. As the CEO of Blumer & Associates, CPAs, PC and founder and CEO of Thriveal CPA network, Blumer has a history of applying innovative practices to drive business. 💡He provides some real-world insights in this Q&A. From CPA Practice Advisor: "In my role at BILL, I have the opportunity to talk to accounting firms from across the country about the internal and external pressures they face. Increasingly, I’m hearing from firms that are leaning into growth areas and innovation opportunities to help set themselves apart from the competition. With a solid plan in place, firm growth can become less daunting and instead be a viable part of a successful business strategy.” Read the full article here: https://lnkd.in/g9KpHzQm #CPA #Accountant #TaxPros #Tax #Taxes #Accounting #Accountancy #Bookkeeping #Finance #Advisory #Growth #GrowthMindset #Scale #Innovation #Strategic #Strategy #Training #Insights

Over the past 18 months I've helped quite a few firms with succession, something I love doing to help the next generation come through to lead. Here are some things to consider. https://lnkd.in/gsJFAnSF #accountingandaccountants

Uncover the explosive growth of private equity-backed CPA firms and how it's transforming the accounting landscape! Don't miss out on the insights that could shape your business strategy! #PrivateEquity #CPAFirms #AccountingRevolution #GameChanger #BusinessTrends https://lnkd.in/g3-RpxbF  

Over the past 18 months I've helped quite a few firms with succession, something I love doing to help the next generation come through to lead. Here are some things to consider. https://lnkd.in/gVdvxzM4 #accountingandaccountants

Considering private equity for your accounting firm? It’s a game of pros and cons! While private equity can fuel rapid growth and bring operational expertise, it may also lead to a shift in culture and control. 🤔 Traditional brokerages offer a more hands-off approach, preserving your firm’s mission. Enter SAM! We blend the financial strength of private equity with the personalized service of a brokerage, ensuring your firm thrives without losing its essence. 🌟 Ready to explore a partnership that prioritizes your long-term success? Let’s connect! #Accounting #PrivateEquity #FirmGrowth #SAMPartnership Pros and Cons of Private Equity for Accounting Firms https://bit.ly/4gT801i

Small firms find success with advisory services

Mike McCarthy, MP of Hancock Askew & Co., LLP & Co, shares how values, culture and a strategic vision drive success in today’s competitive accounting landscape. His emphasis on adapting to new tech, embracing niche services and fostering a collaborative "you-first" culture highlights the importance of resilience and relevance in accounting. Discover more in the full article: https://lnkd.in/gdpKmgRt #GrowthMindset #CultureMatters #FutureOfAccounting #TechInAccounting