Private equity

Phil Whitman offers a primer on what the entry of PE money into the accounting profession means for firms.

The Top 25 Firm has added a consulting firm in Massachusetts that specializes in helping clients price their services to win federal government contracts.

Private equity firm New Mountain Capital has acquired a majority interest in Citrin Cooperman, a Top 25 Firm based in New York.

The Top 20 Firm is adding an accounting and advisory firm headquartered in Manhattan.

There’s something to be said for bottom line discipline, but no matter how much tech we bring into the equation, CPA firms are first and foremost a “people business.”

Citrin Cooperman, a Top 25 Firm based in New York, has expanded its presence to South Florida by adding two firms, Appelrouth, Farah & Co. PA, in Coral Gables, and Bloom, Gettis & Habib PA, in Miami.

Warren Averett became the latest accounting firm to receive capital from a private equity or investment firm, but in this case the money will go to the firm’s asset management subsidiary.

The Internal Revenue Service provided detailed reporting directions Wednesday for certain passthrough entities and taxpayers reporting partnership interests held in connection with the performance of services, often referred to as “carried interest.”

Midsized to large CPA firms may be considering a private equity transaction, but there is much to be considered beforehand.

Accounting Today mourns the loss of our longtime columnist Dom Esposito. In this column, he and consultant Tony Zecca write about the trend of private equity firms investing in CPA firms.