Sell Side Due Diligence for Accounting Practices

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We have all heard of due diligence, and it is accepted as a necessary step for buyers when they are investigating an acquisition or merger. Sell side due diligence for accounting practice principals is rarely addressed. Should sellers be conducting due diligence on the buyer? Yes, is the short answer. This article will discuss some […]

LOI (Letter of Intent) to Closing – 3 Big Issues

letter of intent

Exclusivity, Definition of Revenue, and Buyer Guarantees There are numerous components within an LOI (Letter of Intent) in an accounting practice acquisition. This article will discuss three areas that can cause headaches, if not deal breakers when it comes time to negotiate the final definitive agreement and close. Exclusivity, definition of revenue, and buyer guarantees […]

Work/Life Balance – A Personal Story – Don’t Make the Mistake I Did!

work life balance

I was the sole provider of income for our family for many years.  My wife worked in the early years of our marriage, but once we started having kids, she stayed home, and I went after career, income, and what I thought was security. I told myself that working harder and longer and saying yes to […]

Fishing for the “Right” Buyer – Accounting Practice Exit!


Changing Demographics is Increasing the Supply of Accounting Practices for Sale. In 2024, more baby boomers will turn 65 years old than any other year. There is currently a massive transfer of wealth underway as boomers continue to exit their small businesses. We have seen the supply of accounting practices and CPA firms available for […]

Accounting Practice and CPA Firm Valuation Multiples Update for 2024

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It will be a busy year this year for Mergers and Acquisitions in the accounting practice and CPA firm space. The baby boomers are exiting at a record pace, private equity, aggregators, and wealth management buyers are dominating the buyer pool and 2024 is the year that the greatest number of boomers turn sixty-five. While […]

How to Scale Your Accounting Practice to Sell: Key Strategies for Growth and Exit Preparation

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Scaling your accounting practice for sale involves strategic planning and a methodical approach. To optimize the value of your firm, start by streamlining operations and ensuring that your financial records are impeccable. Your accounting practice is more attractive to potential buyers when it operates efficiently and boasts consistent revenue growth. Strong, transferable client relationships and […]

Preparing to Sell Your Accounting Practice: Key Considerations

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Preparing to sell your accounting practice can be a daunting task, but with the right preparation and guidance, it can be a smooth and successful process. Whether you are looking to retire, move on to a new venture, or simply want to cash in on your hard work, selling your accounting practice requires careful consideration […]

Potential Contract Issues To Look Out For When Buying An Accounting Or CPA Practice

business contract

Buying an accounting or CPA practice is an exciting venture for many entrepreneurs and seasoned accountants looking to expand or diversify their portfolios. While the allure of an established clientele, proven systems, and reputable brand may be attractive, it’s essential to approach such an acquisition with caution. One of the most significant aspects to consider […]

How to Find a Buyer for Your Accounting Practice: Expert Tips for a Smooth Transition

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Selling your accounting practice can be a big decision, and finding the right buyer is crucial to ensure a smooth transition and continued success for your clients. The process may seem daunting, but with the right approach and mindset, you can effectively position your practice for acquisition and find a buyer that aligns with your […]

Reasons You Should Buy an Existing CPA or Accounting Firm

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As an aspiring business owner in the accounting industry, you know there are several ways to enter the market. One option you might consider is acquiring an existing CPA or accounting firm. This approach provides a number of advantages that can help you hit the ground running and set yourself up for success. When you […]

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