The Accounting Podcast

Accounting Firm Revenues, Profits, Compensation Rise


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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.

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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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    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


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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

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    The Accounting PodcastBy Blake Oliver & David Leary

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    4.4

    322 ratings


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