ig maia

Accounting firms have suddenly become a goldmine for Private Equity Firms!

Did you know that 82% of tax professionals report burnout during tax season? 

The accounting industry has been undergoing a profound transformation in recent years. While much of the buzz revolves around artificial intelligence (AI) and automation, there is another powerful force reshaping the sector: private equity (PE). With its strategic investments and operational expertise, private equity is accelerating the evolution of accounting firms, driving innovation, consolidation, and new business models. 

The accounting industry stands at a critical crossroads. While traditionally known for its stability and reliable career paths, the sector now faces unprecedented...

Tax season represents more than just a busy period for CPA firms—it’s a critical inflection point that can define a firm’s success or struggle in today’s competitive landscape. With the Internal Revenue Service reporting record-high tax filing complexities and an increasingly sophisticated client base demanding faster turnaround times, traditional in-house approaches are being pushed to their limits. 

Representing a dynamic funding mechanism, crowdfunding has made its presence known across the accounting realm. Today, it has emerged as a popular method of raising capital for businesses or projects from different entities, often via online platforms that eliminate traditional intermediaries. 

Did you know that 58% of large organizations worldwide are employing cloud accounting for their businesses? 

In the dynamic business world, performing accurate business valuation is of paramount importance. Whether it is mergers and acquisitions, strategic planning, or financial reporting, all require a comprehensive understanding of the firm’s value. 

In today’s world, where costs are soaring, and individuals are saving less per one of the reports by CNBC, the retirement phase seems a bit daunting and dark to most individuals. This is because the journey toward secure retirement calls for prudent decision-making that requires expert intervention and support, which clients are now essentially looking for. 

Once a stalwart of the accounting industry, legacy systems today struggle to meet the dynamic needs of the marketplace. Their inherent limitation in integration, scalability, and data analytics capabilities, which play a pivotal role for any firm, further makes legacy accounting software a big no for the industry.