Everything CPA and Private Equity with Phil Whitman and David Wolfskehl

Ep 39: So Many PE Models, So Little Clarity: Your Post-Summit Roadmap with Dave Kells

Feeling overwhelmed by all the private equity noise—and not sure what it really means for your firm?
 
In this episode of Everything CPA & Private Equity, Phil Whitman and David Wolfskehl sit down with Dave Kells to recap Accounting Today’s PE Summit, break down what they’re seeing in the market, and talk frankly about how firm leaders can get educated before a term sheet hits their inbox.
 
In this episode, you will be able to:
Understand the key takeaways from the PE Summit and what they signal for firms in the $2M–$20M range.
Clarify the different “flavors” of capital partners—platforms, roll-ups, minority deals, debt structures—and why they’re not all created equal.
Learn how to start the internal work: partner “soul searching,” defining your legacy, and aligning on what you actually want.
See why culture, chemistry, and governance matter just as much as multiples when evaluating potential partners.
Recognize why you need a Sherpa—someone who’s seen dozens of deals—to help you compare options rather than jumping at the first big check.
 
If you’re weighing your firm’s next move—or you just want clarity amid the PE buzz—listen to this episode and get the guidance every CPA firm leader needs before entering the conversation!
 
#CPAFirmLeadership #PrivateEquityInsights #AccountingIndustryTrends #CPAFirmGrowth #StrategicAdvisory

Ep 38: From Volatility to Legacy: Helping CPA Clients Navigate Bitcoin with Mike Williams

Worried your clients will ask, “Why didn’t you tell me about Bitcoin sooner?”
In this episode of Everything CPA & Private Equity, Phil Whitman and David Wolfskehl sit down with Mike Williams of TrueVestments to unpack the Bitcoin Legacy Fund—what it is, why Wall Street is leaning in, and how CPA firms can educate and protect high-net-worth clients while still managing risk.
 
In this episode, you will be able to:
 
Understand why Bitcoin’s volatility is normal for a high-upside asset and how to think beyond day-to-day price swings.
See how the Bitcoin Legacy Fund is structured specifically for CPA firm owners and their high-net-worth clients.
Learn how to position Bitcoin as a long-term wealth silo, not a short-term trading play.
Explore practical ways CPA firms can educate clients—using webinars, documentaries, and joint meetings with Mike’s team.
Decide how your firm wants to show up: as the advisor who avoided the conversation, or the one who helped clients navigate it intelligently.
 
Tune into this episode of Everything CPA & Private Equity to get the education you need before your clients start asking the hard questions!
#CPAFirmLeadership #DigitalAssetsEducation #PrivateEquityInsights #BitcoinLegacyFund #AdvisorStrategy

Ep 37: Ready, Set, Meet: Preparing Your Firm for Post–Tax Season

The October 15 tax deadline is behind you — but what now? After months of nonstop work, long nights, and extension filings, many CPA firm leaders finally exhale… only to face the real question:
 
Now that the rush is over, is your firm actually ready for what comes next?
 
In this episode of Everything CPA & Private Equity, Philip Whitman, CPA, David Wolfskehl, and David E. Kells Jr. break down how firms can use the post–October 15 window to prepare for opportunity — whether that’s mergers, succession, or new investments.
 
Here’s what you’ll take away:
• Clarity before action: How to define what you truly want — for yourself, your partners, and your legacy — before taking that first meeting.
• One firm, one voice: Why alignment across your partner group builds confidence and credibility with potential buyers or investors.
• Prep drives value: The key financial, cultural, and operational steps that increase enterprise value long before any deal is signed.
• Address red flags early: How transparency about challenges protects your reputation and keeps deals from falling apart.
• Treat it like a partnership: Why responsiveness, readiness, and trustworthiness set the tone for better outcomes.
 
Listen now to learn how to turn the post–October 15 slowdown into your firm’s strongest season of growth and opportunity!
 
#CPAFirmGrowth #PrivateEquity #AccountingLeadership #MergersAndAcquisitions #WhitmanTransitionAdvisors

Ep 36: Private Equity Meets Niche Expertise: Opportunities for Specialty Practices

What happens when private equity meets the most specialized corners of the CPA world—valuation, forensics, litigation, and advisory? A whole new set of opportunities emerges.
 
In this episode of Everything CPA & Private Equity, hosts Phil Whitman and David Wolfskehl unpack how niche-focused firms are finding their place in today’s PE-driven market—and why their expertise is more valuable than ever.
 
In this episode, you will be able to:
• Understand how specialty firms fit into the broader PE and M&A ecosystem
• Learn why niche expertise is becoming a key value driver in firm growth
• Explore how roll-up models create new referral opportunities for specialized providers
• See how consistent results and strong reputations attract PE attention—even without recurring revenue
• Discover why now is the right time for specialty firms to scale or partner
 
Tune in to learn how private equity is reshaping the future of niche expertise in the CPA industry!
 
#PrivateEquity #CPAInsights #SpecialtyFirms #FirmGrowth #ValuationAndForensics

Ep 35: Why a Profitable Firm Like Sax Still Chose Minority PE with Joe Damiano

Why would a thriving CPA firm take outside investment?
In this episode of Everything CPA and Private Equity, hosts Phil Whitman and David Wolfskehl sit down with Joe Damiano of Sax to unpack why even a highly profitable, fast-growing firm chose a minority private equity partner.
 
In this episode, you will be able to:
• Learn why deal flow—not just capital—was the catalyst for Sax’s decision
• See how a minority investment can help level the playing field in M&A
• Understand how Sax balanced culture, partner engagement, and economics
• Discover how a strong capital stack opens doors for future growth
• Hear why PE can be about strategic alignment—not losing independence
 
Listen now to uncover why even the strongest firms explore PE—and what lessons your firm can take away!
 
#PrivateEquity #CPAFirmGrowth #AccountingDeals #MergersAndAcquisitions #FirmStrategy

Ep 34: Fiercely Independent—or Strategically Aligned? The Choice for CPA Firms with Alan Whitman

Are CPA firms clinging too tightly to being “fiercely independent”?
In this episode of Everything CPA and Private Equity, hosts Phil Whitman and David Wolfskehl sit down with former Baker Tilly CEO Alan Whitman to unpack what it really takes to scale in today’s profession.
 
In this episode, you will be able to:
• Understand why “good enough” thinking holds firms back from real growth
• Learn how strategy and discipline transform lifestyle firms into true businesses
• Explore the tension between independence and alignment in firm governance
• Hear how culture and collaboration drive sustainable scale
• See why breaking old habits is key to staying relevant
 
Listen now to uncover why independence isn’t always strength—and how strategic alignment positions CPA firms to thrive in a changing marketplace.
 
#CPA #AccountingFirms #FirmStrategy #Leadership #PrivateEquity

Ep 33: Efficiency = Valuation: The Power of Tech in CPA Deals with Joe Carufe

Is your firm’s outdated tech holding back growth—and lowering valuation?
 
Tech isn’t just a back-office tool anymore—it’s a growth driver in private equity deals. In this episode of Everything CPA & Private Equity, hosts Phil Whitman and David Wolfskehl sit down with Joe Carufe of Karbon to explore how the right tech stack transforms firms before and after a PE transaction.
 
In this episode, you will be able to:
 
Understand why PE firms see tech infrastructure as critical to scaling CPA practices
Learn how standardized workflows and training boost profitability and efficiency
Discover how smaller firms gain a “rocket booster” of innovation when joining PE platforms
Explore why tech prep matters even if you’re not planning to sell soon
See how improved efficiency translates directly into higher valuations
 
Listen now to hear how PE-backed firms are modernizing through tech—and why preparing your stack today sets you up for success tomorrow.
 
#PrivateEquity #CPAFirmGrowth #AccountingTechnology #WorkflowAutomation #FirmValuation

Ep 32: Beyond the Big Firms: How Sub-$3M Practices Are Getting PE Deals

Are smaller CPA firms being overlooked in the private equity wave?
 
In this episode of Everything CPA and Private Equity, hosts Phil Whitman and David Wolfskehl break down why firms under $3M are finding new opportunities in today’s market—and why it’s not just the large firms that PE is after.
 
In this episode, you will be able to:
• Understand why over 200+ PE groups are looking at CPA firms—and what that means for smaller practices
• Discover why “cash at closing” changes the traditional succession playbook
• Learn how niche services and profitability drive firm value in PE deals
• Explore why culture and chemistry matter just as much as multiples
• Hear why now is the best time ever to be a CPA firm owner
 
Listen now to uncover what’s really happening in the CPA and PE marketplace—and how your firm can be part of it!
 
#CPAIndustry #PrivateEquity #AccountingFirms #FirmGrowth #SuccessionPlanning