Tag-Archive for Accounting Practice Succession

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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Succession Dilemma for Accounting Practices

The boomer populations of CPAs and accounting practice principals have started exiting their practice entities but find little hope in the traditional succession practices of the industry. Historically, senior partners inside of larger CPA firms or accounting practice firms have used a succession planning method to exit. A business broker can help you develop an…

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Important Steps in Developing a Business Succession Plan

Most business owners are focused on building the company and maintaining its growth and profitability. These tasks can take up most of your time and energy, and include activities such as hiring and retaining quality staff, developing products/services that will outpace the competition, and improving technology, workflow and taking other steps to make the operation…

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The Succession Situation for Accounting and CPA Practices

Succession is a major issue that is not being effectively dealt with by the CPA profession. All you have to do is read the most recent AICPA publication on succession. Almost 80% of the CPA firms interviewed for the survey indicate that succession will be a major issue for their firms in the next 10…

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