Cut Your Tech Stack 50%, Threat to CPA in Florida, IRS Cuts Recap

May 16, 2025

Discover how consolidating technology could revolutionize accounting practices while cutting costs and boosting client satisfaction. Dive into the implications of a proposed Florida bill that threatens CPA licensure and reshapes the industry landscape. Learn about the transformative role of private equity in accounting firms and the push for faster results amidst AI advancements. Plus, explore the recent IRS workforce cuts and the critical discussions around tax fairness that could reshape perceptions nationwide.

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INSIGHT

Partnership Model Is Dead

The traditional partnership model in accounting firms is considered dead and unsustainable by industry leaders.
Private equity is reshaping the profession but may perpetuate old business models that burn out staff.

ANECDOTE

Provo Conference and Beer Surprise

David Leary attended a conference in Provo, Utah, and was impressed by the quality of local beers despite restrictive alcohol laws.
The conference celebrated accounting professionals from diverse backgrounds achieving significant business milestones.

INSIGHT

Soren: Major PE-Backed Roll-Up

Thirteen regional accounting firms united under the private equity-backed brand Soren, aiming to be a top 50 firm.
This demonstrates significant consolidation and roll-ups reshaping the accounting landscape.

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