Decimal has sold off the direct services part of its business and is now focused on a new source of revenue: franchising its platform to independent accounting firms.
MichaelSilver’s team of 60 accounting professionals and 14 partners will join Katz, Sapper & Miller.
The accounting and financial services firm is moving its Indianapolis office from Monument Circle, where it has been located since the turn of the century.
Indianapolis-based Katz Sapper & Miller, the city’s largest accounting firm, hopes to grow its new information technology consulting practice significantly over time.
Indianapolis’ largest accounting firm said its move to a new office within the same 96th Street business park will give it a chance to reconfigure its workspace to fit the realities of the post-pandemic office environment.
Following the merger, which takes effect Jan. 1, Greenwalt will operate under the Barnes Dennig & Co. name.
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
Once the acquisition closes, Cassady Schiller will become Katz, Sapper & Miller’s largest office outside of its Indianapolis headquarters.
One of the nation’s most prolific auditors, BF Borgers faces permanent suspension from practicing as accountants before the SEC and a total of $14 million in fines.
Somerset CPAs and Advisors, the fifth-largest accounting firm in Indianapolis, is now owned by CBIZ Inc., a financial firm based in Cleveland, and affiliated accounting firm Mayer Hoffman McCann PC.
Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.
The GAO report, issued Thursday, found that while 70% of taxpayers were eligible for the Internal Revenue Service’s free-filing program, only 3% of taxpayers actually use the service.
BKD said its combination with Dixon Hughes Goodman will create a top 10 national professional services firm. BKD’s local office is the fourth-largest accounting firm in the Indianapolis area, according to IBJ research.
The company founded as Somerset Cloud last year has a new name, majority owner and an even higher growth curve than originally projected.
Tim Cook, an attorney who now leads the firm’s economic development consulting practice, will become the top executive at the city’s largest accounting firm on Jan. 1.
Indianapolis-based accounting firm Somerset CPAs said its new tech company, Somerset Cloud, is on a path to go national.
The position was created for former City of Indianapolis Controller Fady Qaddoura, who announced in November that he was leaving his job with the city, where he had worked for four years.
After 30 years, Patrick Early, 62, plans to hand off the role to longtime firm employee Benjamin Kimmerling.
Indianapolis-based accounting firm Katz Sapper & Miller has sold a majority stake in KSM Consulting to Philadelphia-based private equity firm Renovus Capital Partners.
Portland-based InDinero’s purchase adds 36 employees, including 17 CPAs, to its 200-person workforce.
