Who Will Buy My CPA Practice?
When someone considering a sale of their CPA/accounting practice begins a discussion about exit, the conversation almost always turns to the kind of buyer that may purchase the firm. Buyers come in all kinds of shapes and sizes and it is important to understand the nuances of each buyer as you are contemplating a sale […]
The Importance of Good References when Selling a CPA Practice
When it comes time to put your CPA practice up for sale, you need to do all you can to ensure that you receive top dollar for the business you have spent a good part of your life building. One of the best ways to give your practice a higher valuation is with client references. […]
Why Now May be A Good Time to Sell Your CPA Practice
Selling your business and retiring or changing careers is a big decision and one that should not be undertaken lightly. However, if you have built up your CPA practice for several years and are getting ready to hang it up, now may be the best time to think about selling. As of mid-2013, economic conditions […]
CPA Firm Succession
According to 2012 PCPS (succession survey), nearly half of the CPA professions were in merger discussions or plan to merge in the next two years. Fueled primarily by demographics and other succession issues, this trend may serve to balance the current sellers market. As more and more practices look to exit, there will be a […]
Phoenix Business Broker Receives Top Sales Award for the Third Consecutive Year
PHOENIX ARIZONA (July 31, 2013) Veteran Phoenix business broker Ryan Gipple is pleased to announce that he was given the prestigious award for highest numbers of sales in the Phoenix market by the Arizona Business Brokers Association (AZBBA) for 2012. It’s the third year in a row that Mr. Gipple has been recognized by AZBBA […]
Qualifying Buyers for your CPA or Accounting Practice
If you have made the decision to sell your CPA or Accounting Practice, you may have thought about the kind of buyer that might best fit your firm, your clients, and your employees. This buyer may be a young professional working at an existing practice trying to buy his first practice, a seasoned consolidator, or […]
A Sellers Market for CPA & Accounting Practices
The best time to sell your CPA or Accounting practice has mostly to do with the external factors in your life. Your health, your life/work balance, your spouse’s retirement, financial commitments, and retirement plans all determine when its time. In some cases, I talk with practitioners for years and each year they decide to go […]
The Importance of Communicating with your CPA Practice Seller (Part II)
Here are some additional questions to ask the owner of the CPA practice you are considering: How much time is required to put into running the practice? We know that running an accounting practice is a full time job but it is still important to ask how many hours a week are typically needed to […]
The Importance of Communicating with your CPA Practice Seller (Part I)
Buying a CPA practice is a major step and not one that should be taken lightly. When acquiring a business, you need to be sure it is the right fit for you, otherwise there will be a lot of headaches down the road. When finding the accounting practice you want to buy, due diligence is […]
What Goes into the Sale of a CPA Practice?
Building a successful and sustainable CPA practice is an investment of money, sweat, and tears that can go on for several decades. At some point, there comes a time when it is time to move on and enjoy retirement. And if you do not have someone in your family for whom you can pass your […]