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 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 […]

How Can You Prepare To Sell Your CPA Firm in a Buyers Market?

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For many years, the business sales and acquisitions market within the accounting industry has been controlled by sellers. There have consistently been myriad buyers vying for their share of a limited supply of firms, so intelligent buyers were required to make some reasonable concessions in the past. Recently though, there has been a shift in the […]

How to Ensure a Smooth Transaction When Selling Your CPA Practice

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Owning a CPA practice is a very rewarding and lucrative career. However, at some point, it may be time for you to step aside. If this is the case, you need to start looking around for someone to buy you out. This process is full of potential pitfalls, but there are measures you need to […]

The Most Common Mistake When Selling Your Accounting Practice or CPA Firm

Sell a CPA Firm

I get this question a lot from principals that are working through the process of exiting their accounting or CPA firm. There are many mistakes that can be made throughout the process, but I will discuss just one mistake that can impact your financial results significantly. Retention Is The Most Common Mistake The One Mistake […]

Selling Accounting Practices & CPA Firms in a Tight Labor Market

Sell Your Accounting Practice

Selling Accounting Practices and CPA firms in a tight labor market have 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 with […]

Maximize Accounting Practice Sale through Transition Planning

Most sellers would prefer to receive all cash when selling an accounting firm. The problem is that most savvy buyers and certainly the best operators in the accounting field understand client retention risk. Buyers cannot truly understand the size or scope of the risk of retaining clients within a firm, so they hold back a […]

The Demand for Accounting Services

In today’s increasingly digital and mobile age, business trends are changing more rapidly than at any other time in history. Some services that appeared to be in a perpetual growth trajectory just a couple decades ago are now at or near the point of obsolescence. One prime example is the video rental business. The impact […]

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