Tag-Archive for buying a CPA firm

Is it Worthwhile to Buy a Business

As the COVID-19 pandemic (hopefully) winds down, the US economy is opening back up. No one is entirely sure what the world will look like in the wake of the coronavirus outbreak, but we do know that things will not be back to “normal” for a while. There are certain to be some permanent societal…

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Important Tips for Buying a Business

Buying a business can be one of the most exciting and rewarding endeavors an individual can undertake. If you have the financial resources or access to financing, purchasing an existing business is generally a much better option than starting one from scratch. By getting into an established business, you are able to bypass the months…

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What is the Best Way To Start a New Business

If one of your New Year’s resolutions was to own your own business in the near future, now is a great time to take action on that goal. Overall, the economy remains strong, and there are many sectors that are experiencing healthy growth. This provides ample opportunity for aspiring entrepreneurs to capitalize on the current…

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Pros and Cons of Starting a Business or Buying a Business

There are numerous ways to become an entrepreneur in today’s information age. For example, there are countless businesses that can be started in industries that did not even exist a decade or two ago. In fact, there are so many options, finding the right business is often one of the biggest challenges. When it comes…

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Questions to Ask When Buying a Business

Becoming a business owner is a major step. If you get into the right business, it could be one of the greatest decisions you ever make. However, the wrong business can produce the opposite effect – leading to misery and most likely an early exit. Before jumping in, it is important to perform your due…

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Tips for Finding a Business Owner Trying to Sell

Buying an existing business that is already successful is one of the best ways to become your own boss. Existing businesses offer a major advantage over starting from scratch because they are already established and have proven that they can compete effectively within the marketplace. The challenge to buying an established business is finding an…

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Three Important Considerations when Buying a CPA Practice

Buying into a new business can be an exciting time in your life. Often, just the thought of owning and operating a business and being your own boss can keep you up at night (in a good way). Often times, the emotional aspect of a business acquisition can cloud a person’s judgment and cause them…

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Preparing to Buy a CPA Practice

There are a number of steps to consider before buying a CPA or Accounting Practice. The reality is that it is very hard to purchase a CPA or Accounting practice in a metro area. Some things to consider: demand is strong, there are always multiple buyers, and usually there are multiple offers on these practices….

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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…

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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…

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