Season for Selling Accounting Practices

The selling season for accounting practices and CPA firms is well underway.  Because there are more firms selling then buying (due to the Baby Boomer Exit), each nuance of the selling process must be considered, and action taken where appropriate.  Firms specializing in taxation have an incredible challenge that many exiting principals are unaware of. …

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Selling Accounting Practices & CPA Firms in a Tight Labor Market

Selling Accounting Practices and CPA firms in a tight labor market has produced some interesting challenges.  Labor shortages are not unique to the accounting practice industry as the entire country is experiencing these difficulties. The search for credentialed and degreed staff is at an all-time high within the accounting industry however, as it is hit…

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Differentiation in the M&A Market for Accounting and CPA Firms

The accounting and CPA acquisition market has officially shifted from a seller’s market to a buyer’s market.  There are still buyers out there, but the industry has seen a great metamorphosis with the aging boomer population and several rough years in the industry.  If you intend on using a merger or acquisition to transition, it…

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Importance of Having a Business Succession Plan

You’ve worked hard and spent the better part of your life building your business. Your years of work have paid off, and you have created a successful enterprise that has provided you with a good quality of life. But as you come closer to the day when it will be time to exit your business,…

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CPA Continuing Education Class: Changes in Assets and Liabilities Standards

Stay current on recent changes in accounting and auditing. Review FASB, SEC, PCC, PCAOB and AICPA standard-setting activity in the current year. Implementation dates will be provided so you can plan for changes, and the course will highlight the changes that will be implemented in the current year. Also, discuss the difference between public and…

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