Private Equity Eyes Tax Firms: A Changing Landscape in German Tax Advisory

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Kevin Murkisch 2 min read time | 30.07.2025
Introduction

Private equity in tax consulting is currently dividing tax firms. Manager Magazin asked me to share a few thoughts from my perspective for a major overview article. I look forward to hearing your views – here or on LinkedIn (Roger).

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Germany’s tax advisory market is undergoing a quiet revolution — not just due to digital transformation or global compliance challenges, but also because an unexpected player has entered the scene: private equity.

Once considered off-limits, tax firms are now catching the attention of financial investors. Despite strict legal restrictions on ownership by non-professionals, investors are finding creative ways to gain a foothold. Through complex structures, holding companies, or silent partnerships with limited voting rights, private equity is unlocking access to a traditionally conservative market.

What does this mean for the profession?

The trend is dividing opinions. Some see it as a chance for modernization, professionalization, and scale. Others fear a creeping loss of independence and a shift toward commercialization that may undermine core values of the profession.

TAXDOO: A Partnership Model Without Compromise

In this evolving landscape, TAXDOO offers a future-proof alternative. Rather than seeking equity or control, we empower tax firms with cutting-edge technology that streamlines and scales compliance processes — especially in the fast-moving world of e-commerce — while preserving full independence.

Our philosophy is simple: partnership without ownership. With TAXDOO, firms remain in control while gaining access to automation solutions for VAT, accounting, and cross-border compliance that reduce manual work and increase efficiency.

Bottom line

Private equity’s growing interest in tax firms is not a passing trend — it’s a sign of deeper change. To stay ahead, firms should take a proactive approach and choose partners who support their growth without compromising their autonomy.

➡ Learn more in the original article by Manager Magazin (in German): Read here

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