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Overview
Crete PA partners with the non-attest arms of US accounting firms to help them grow while keeping the local firm’s brand, leadership, and culture. It provides centralized back-office support—such as talent acquisition, human resources, finance, legal and compliance, technology, and business development—through subsidiary entities that handle tax and advisory services, while partner CPA firms perform audits. The network comprises more than 20 partner firms with over $300 million in combined annual revenue, and Crete PA takes majority stakes with original owners retaining minority equity. The company plans to expand through acquisitions and by using AI tools, backed by Thrive Capital and Bessemer Venture Partners, with the goal of building a nationwide accounting platform that offers capital and shared resources instead of selling or staying under-resourced.
About Current
Industries
Data & Analytics
Consulting
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Tampa, Florida
Founded
2023
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Simplify's Take
What believers are saying
- Its Tax AI cut prep time by 31% across 7,000 returns with 98% accuracy.
- Strategic AI integration with Thrive and OpenAI enhances productivity for all partner firms.
- The $500M acquisition plan targets majority stakes while keeping original owners involved.
What critics are saying
- AI hallucinations in tax returns expose Current to catastrophic liability under emerging AICPA rules.
- Data sovereignty risks from shared OpenAI models could trigger GDPR-like breaches and reputational collapse.
- Lack of uniform AI governance across 30 firms will trigger AICPA enforcement within 6–9 months.
What makes Current unique
- Current operates as a strategic alliance for 30 US accounting firms with $500M annual revenue.
- It partners with firms by investing in non-attest arms under alternative practice structures.
- Current retains partner branding and leadership while delivering Fortune 500-calibre advisory services.
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Benefits
Health Insurance
401(k) Retirement Plan
Paid Vacation
Flexible Work Hours
Remote Work Options
Wellness Program
Mental Health Support
Conference Attendance Budget
Professional Development Budget
Hybrid Work Options
Stock Options
Company Equity
Life Insurance
Short-term Disability
Long-term Disability
Paid Holidays
PTO/vacation
Employee Discounts
Meal Benefits
Phone/Internet Stipend
Growth & Insights and Company News
6 month growth
↑ 79%1 year growth
↑ 79%2 year growth
↑ 79%Reid Advisors, a Long Island-based accounting firm, has expanded significantly since joining Crete Professionals Alliance in February 2024, growing its revenue from approximately $25 million to $55 million through strategic acquisitions. The firm completed six acquisitions between January 2025 and January 2026, strengthening its New York presence and entering the Southeast market. Notable additions include Housman & Elezovic, Rosenberg & Manente, MJ Berger, and HKMP in New York, plus McDowell-Perham and Barb & Company in South Carolina, collectively adding approximately $20 million in revenue. Reid leveraged Crete's platform for capital, operational support and technology whilst maintaining local leadership. The expansion demonstrates how Crete's model enables large accounting firms to scale through acquisition whilst preserving client relationships and firm culture.
Crete expands its California footprint and adds valuation services by partnering with San Diego-based Cabrillo Advisors
Crete Professionals Alliance (“Crete PA”), an alliance of accounting and professional services firms, announced today that it has raised strategic cap
TAMPA, Fla.-(BUSINESS WIRE)-Crete Professionals Alliance ("Crete PA"), an alliance of accounting and professional services firms, announced today that it has raised strategic capital in a round led by Thrive Capital and Bessemer Venture Partners.
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About Current
Industries
Data & Analytics
Consulting
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Tampa, Florida
Founded
2023
Current is Hiring for 90 Jobs on Simplify!
Find jobs on Simplify and start your career today