What Tax Pros Charge & the PE "Dumpster Fire"

Is private equity turning firms into a 'dumpster fire'? Blake and David unpack Accounting Today's survey showing partners are upbeat while staff are sour on PE. They hit Andersen's $176M IPO, why Big Four ties to Big Tech raise independence questions, and how AI could finally kill the billable hour. Plus, what tax pros really charge in 2025 - and the wild 'Middle Finger Ranch' fraud.


Chapters
  • (00:56) - Private Equity in Accounting Firms
  • (01:51) - Sponsor Message: OnPay Payroll Solutions
  • (04:15) - Arthur Andersen's Legacy and IPO
  • (07:45) - Private Equity Survey Results
  • (21:04) - Big Four and Tech Giants
  • (28:25) - Pricing Models for CAS Engagements
  • (30:22) - Tax Preparers' Fees Breakdown
  • (36:12) - Cloud Accountant Staffing
  • (37:34) - Economic Growth and Consumer Spending
  • (40:26) - Fraud Stories: Middle Finger Ranch and More
  • (43:24) - PCAOB Budget Cuts and Enforcement Actions
  • (52:29) - IRS Readiness for Tax Season
  • (53:43) - Conclusion and Upcoming Topics
 

Show Notes

PE in accounting firms: From 'dumpster fire' to excitement
 
Andersen Group Shares Gain 47% After $176 Million US IPO
 
Andersen goes public, hits $2.6B valuation
 
The Big Four consulting firms are embedded in Big Tech. Here's who audits each of the Magnificent 7 companies
 
What do tax preparers charge? 
 
How much do tax professionals charge in 2025? Insights from NATP's Fee Study
 
U.S. economic growth surges in third quarter to 4.3%
 
The US economy expanded at the fastest pace in two years as wealthier Americans kept spending 
 
Kansas accountant diverted family funds to fictitious 'Middle Finger Ranch'
 
Kansas Accountant, Who Created Fictitious 'Middle Finger Ranch' for Fraud Scheme, Sentenced to 4 Years in Jail
 
PCAOB to tighten budget in 2026 
 
PCAOB Approves 2026 Budget 
 
Accounting Firms Must Stop Charging for Time
 
Dirty money gangster jailed over plot worth almost £12m
 
PCAOB Sanctions CPA for Violations Related to Audit Evidence and Her Former Audit Firm for Quality Control Issues
 
Ahead of Tax Filing Season, Warren, King, 15 Senators Warn of Tax Filing Chaos After Trump Admin Attacks on IRS

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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Creators and Guests

David Leary
Host
David Leary
President and Founder, Sombrero Apps Company
  What Tax Pros Charge & the PE "Dumpster Fire"
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