5 concepts for a successful transition

5 Important Concepts for Successful Accounting Practice Transitions

Accounting practice transitions can be extremely successful when handled with reasonable care and common sense. That said, some of the basics can be elusive in practice. Here is a discussion of five basic concepts for a successful handoff: Long transitions are almost never necessary.  This is probably the biggest misconception that we encounter. You cannot hand […]

10 Questions to Ask When Buying a CPA Practice

  Before you even begin searching for CPA firms for sale, be intentional about what you want. The more clarity you have going in, the more likely you are to make a good purchase decision. This post provides information you need to be aware of before hand. Here are 10 questions to consider when buying an accounting […]

CPA Practice Valuation – The Key Factors

CPA practice valuations can and do vary quite a bit. The industry standard rule of thumb is “1 times gross” which is a very long-standing belief held in the accounting profession. This multiple can be very misleading without considering payment terms. Terms are a crucial consideration because extended payment terms may make the price multiple seem […]

Cutting Through Complexity

The best clients want simplicity and trust that what you do isn’t easy.  They know accounting and tax is complex and that’s why they are your client.  They have no desire to do what you do….or any care whatsoever in the details of how you go about doing it. Business people want an accounting firm […]