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Accounting Firm Revenues, Profits, Compensation Rise
Episode 454
Are accounting firms quietly having their best year ever? Blake and David break down why revenues and partner comp are rising—despite AI anxiety—and what it means for pricing and staffing. They unpack Gusto Money’s Melio-powered bill pay, Relay’s $1B milestone, Drake’s new workflow, and AI tools that actually help (note-takers, agents, research). Plus: Trump’s biannual reporting idea, peer review for PE-backed firms, BOI reversal, and the messy ‘no tax on tips’ proposal.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
TeamUp - http://accountingpodcast.promo/teamup
Bluebook - http://accountingpodcast.promo/bluebook
Chapters
- (00:00) - Introduction and Revenue Insights
- (00:43) - Welcome to the Accounting Podcast
- (01:00) - Gusto Showcase Event Highlights
- (04:18) - The Importance of Long-Term Relationships in FinTech
- (08:58) - Advisory Amplified Tour Announcement
- (11:06) - AI in Accounting: Honest Reflections from a Tech Founder
- (16:48) - AI Meeting Assistants for Accounting Firms
- (21:03) - Comparing AI Tools: Blue Jay vs. ChatGPT
- (29:43) - Accounting Firms' Revenue and Compensation Growth
- (31:12) - Rising Costs and Accounting Firm Strategies
- (32:25) - NASBA's New Mobile App for CPA Exam Candidates
- (33:50) - Drake Software's Workflow Automation Launch
- (37:13) - AI in the Workplace: Surveys and Trends
- (41:16) - Fiverr's Shift to AI and Layoffs
- (44:09) - Trump's Proposal on Financial Reporting
- (50:01) - Private Equity and Peer Review Oversight
- (52:28) - Tax-Free Tips and Proposed Regulations
- (54:13) - AICPA and NASBA's Earn and Learn Program Shutdown
- (55:20) - Conclusion and Listener Engagement
Show Notes
CPA Firms Report Steady Growth in Revenue and Profit, AICPA Research Finds
https://www.aicpa-cima.com/news/article/cpa-firms-report-steady-growth-in-revenue-and-profit-aicpa-research-finds
Vinyl Raises $2M to Build the Future of AI Meeting Assistants for Accountants
https://www.usevinyl.com/insights/blog/vinyl-seed-funding-announcement
Drake Software Unveils Powerful New Tax Workflow Automation Tools
https://www.prnewswire.com/news-releases/drake-software-unveils-powerful-new-tax-workflow-automation-tools-302558230.html
NASBA Releases CPA Mobile App for Future CPAs
https://www.accountingtoday.com/news/nasba-releases-cpa-mobile-app
AICPA Seeks Comment on Peer Review Proposal for Firms with Private Equity Backing
https://www.cpapracticeadvisor.com/2025/09/16/aicpa-seeks-comment-on-peer-review-proposal-for-firms-with-private-equity-backing/169014/
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