Reasons You Should Buy an Existing CPA or Accounting Firm

people at work during a business meeting

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 […]

Ethical Considerations of Accounting/CPA Mergers & Acquisitions

file folder with merger and acquisition and financial graphs

In the current market of accounting mergers and acquisitions, where many established principals of longstanding firms are reaching retirement age and looking for an exit strategy, there is a tendency for excited buyers and sellers to overlook certain aspects and repercussions of the selling process while only focusing on the final purchase price and terms. […]

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 is […]

CPA Firm Mergers & Acquisitions Face New Ethics Requirements

(New AICPA Guidance on CPA Practice Sales and Mergers) In 2016 the AICPA (American Institute of CPAs) published some new ethics guidelines that became effective June 30th of 2017. For those CPAs intending to enter into an M&A (Mergers and Acquisitions) arrangement in 2018 and beyond, it would be beneficial to review these new requirements […]

Financing Your Tax Practice Acquisition

There are a number of different ways to finance the purchase of an accounting practice or CPA practice. Many are surprised when I elaborate how easy these are to get financed. Below you will find a brief discussion of the most common ways to fund your acquisition. Traditional Conventional Financing vs. Going through the SBA: […]

Alternative Financing Options for Business Acquisitions

Many people dream of owning their own business. However, in recent years, traditional bank financing has been increasingly difficult to obtain; and this has been a roadblock for numerous would-be entrepreneurs. If your goal is to start or acquire a business in the New Year, several financing options are available to help you achieve your […]

Business Acquisitions: How to Know When the Time is Right

In every successful business, the goal is sustained growth over a long period. This can be accomplished in a number of ways; growing market share with your current product offerings, adding new and complimentary products and/or services, and acquiring a competitor are three of the primary ways to grow a business. In addition, within each […]

Financial Considerations of Purchasing a CPA Practice

Smart Money Week is a good time to examine the financial considerations of purchasing an accounting practice. Because CPA practices have a seasonal aspect to them, it is important that when entering the business, you will be in a financial position to be profitable not just for 4 months out of the year, but for […]

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