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The New $1.4bn Accounting Firm & What It Means to You

Episode 62. In today’s news episode, Rob Brown and Martin Bissett discuss “The New $1.4bn Accounting Firm & What It Means to You.”

When two big accounting firm merge to create an entity with more than 5,400 team members across 68 markets in 27 states, including the United Kingdom, it makes the news. What you need to know is how this affects you as an accounting practitioner, CPA, bookkeeper or practice leader/owner.

Key takeaways from this episode include:

➩ getting behind the figures on one of the biggest M&A deals in accounting firm history

➩ asking whether this kind of deal is the first of other ‘mega-mergers’ in the accountancy and fintech world

➩ what the majority of the $1.4bn revenues are likely to be made up of in terms of services with this huge accounting firm merger

➩ the main good and bad impacts on the accountancy marketplace when big accounting firms merge

➩ why accounting firm mergers like this create both opportunities and threats for the staff and the clients involved

➩ how other accountancy firms can take advantage of big corporate mergers like this

➩ what all mid-tier accounting practices need to be doing to take full advantage of M&A activity like this

➩ why no accounting firms are off limits when it comes to mergers and acquisitions if big deals like this are viable

➩ the three upsides of ‘getting and staying close to your clients’ for accounting practitioners and CPAs in turbulent markets

Sources:

https://www.accountingtoday.com/news/bkd-merges-with-dhg-to-create-1-4b-firm

https://www.accountancytoday.co.uk/2022/02/21/us-firms-bkd-and-dhg-unveil-1-4bn-merger-plans/

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NOTE TO LISTENERS:

The Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus ‘from the client’s perspective’ episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week’s episodes.

Every Tuesday the show gives you a relevant news topic from the accounting and fintech world with a direct application to accountants, CPAs and bookkeepers. Great to stay informed and build your commercial acumen.

Every Wednesday and Friday, we feature an uncut interview with top authors, leaders, thinkers and performers in the accounting and fintech world.

Every Thursday the show gives you a practical ‘here’s what works’ tips concerning a key challenge, need or strategy for accountants, CPAs and bookkeepers. Great to stay current and keep your skills topped up.

Finally, every Saturday gives listeners a bonus episode which focuses on the buyers of accounting services – the clients themselves. In particular how they feel, react to and experience their interactions with accountants. That includes why they buy or don’t buy, why they move or stay and why they think how they think about you, your firm, your prices and your offerings.

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How to leave a review on Apple Podcasts

① Open the Podcasts app on your iPhone, iPad, or Mac.

② Navigate to the page of the Accounting Influencers Podcast.

③ Scroll down to find the subhead titled “Ratings & Reviews.”

④ Under one of the highlighted reviews, select “Write a Review.”

Anything about the style of the show, the frequency, the content, the CPE/CPD, the hosts Martin and Rob, the guests, the different segments or something in particular that’s made a difference. Listeners can rate the show on a scale of one to five stars and can also add a written review. 

Please also recommend the show to people in your network because we’d love to reach a wider audience. Thank you from Rob, Martin and the whole Accounting Influencers Podcast team.