Accounting Firm Capacity – More is Not Always More

Whether you are organically growing or growing by acquiring an accounting firm, capacity always comes into play.  When there is too much work and not enough capacity, someone is always going to suffer.  (usually everyone involved.)  It’s a delicate balance, but it’s usually better to have more capacity than needed.  Add in seasonality, and the […]

Getting an accounting firm ready for a sale. Poe Group Advisors

Getting an Accounting Firm Ready for a Sale

“Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money.” Jonathan Clements Your accounting firm is probably one of your largest assets and a little planning can help you make the most of it.  Do the obvious […]

terms in the sale of an accounting practice

How to Price an Accounting Practice

  …oh and by the way…what about the terms? This is the kickoff of our busy season (we are busiest as we lead up to tax season) and in the last couple of weeks we’ve been busy setting asking prices as we are getting practices on the market. Most practice owners have a fair idea […]

The right time to sell an accounting practice.

Selling an Accounting Practice. – When is the Best Time?

The question of timing can mean different things to different people.  Some who pose the question may be thinking philosophically, while others are thinking more tactically. Philosophically, when is the right time to sell an accounting practice? In terms of finances – If you are selling to retire, you will almost always make more money […]