Ready to Buy a CPA Practice

How to Know if You are Ready to Buy a CPA Practice

  Are you thinking about buying a CPA practice? Would you like a tool to assess your readiness? We developed just such a tool and called it our Buyer Scorecard. We took our database of buyers and pulled out the people who had been especially successful. We got together as a team and asked ourselves: […]

cpa practice buyer letter

An Open Letter to Our Next Great Buyer

Dear Buyer, I am already looking forward to working with you. One of the best parts of this job is finding a good match between great CPA practice buyers and sellers. We are going to get to know each other well over these next few weeks. We are going to talk about why you want […]

Accounting Practice Buyer

Accounting Practice Buyer Cash Flow 101

  We have three major goals for every accounting practice we sell: Maximize the practice’s value. Keep the process simple. Help the buyer succeed.   One major way to help accounting practice buyers succeed is to have them get cash flow right in year one.    Cash is the oxygen of business Regardless of how […]

Timing Your Exit CPA Firms for Sale

Timing Your Exit-CPA Firm Succession Planning

  This article first appeared in The Journal of Accountancy’s CPA Insider™ By Brannon Poe, CPA     When owners of CPA firms first begin to think about succession planning, the most important decision they need to make is when to bow out. Too soon, and the owner may find letting go of the practice […]