Tag-Archive for CPA Firm Buying Tips

Major Factors to Consider When Buying a Business

Purchasing an established business is a great way for many people to get into entrepreneurship. If you can afford the upfront cost or you have the ability to finance at least part of it, you can bypass the often gut-wrenching startup phase of a business; the initial weeks and months when you put in 18…

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How to Start a New Business in 2020

The calendar has turned to a New Year and a new decade as well. We are now in the 2020s, and for those who are entrepreneurial minded, this could become a throwback to the “roaring 20s” of the 20th century. Although there are always some potential concerns, the U.S. economy is fundamentally sound, and there…

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How to Keep Clients after Purchasing a CPA Practice

When someone buys an accounting practice, the major asset they are buying is the current book of business. Although there may be office furnishings, equipment, trained employees, and earned goodwill, the one thing out of all of these that is producing ongoing revenue is the client base. And for every client you lose, it will…

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The Importance of Having a Flexible Commercial Lease

When you are buying a business, one of the most important considerations is your location. Not only is your location key for obtaining exposure and developing your brand in the marketplace, it is also important from the standpoint of the commercial lease you will be signing. What you pay in monthly rent and related expenses…

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What is Goodwill Worth When Buying or Selling a Business

The value of a business is very often far more than the value of its assets or even its net revenue.  There are certain intangibles that are unique to a business and from which value is derived.  Intangible assets are commonly known as “goodwill”. What is Goodwill: Because of its intangible nature, it is often…

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Finding Your Niche When Starting a Business

If you want to start a business or buy a business which is already established, you must choose the right niche. For this, you can list all your passions and interests and look for one that you can turn into a business. You must also know about the time that will be required to operate…

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Why Are Businesses So Expensive to Buy

Buying a business that has already been successful for a while is a great way to bypass a lot of the most annoying parts of creating a profitable business. But it is not a great way to save money. It is typically far more expensive purchase an existing business than to create a business from…

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How to Finance a Business Purchase Without Collateral

Many people want to be in business for themselves, but they do not have any collateral to secure a business loan. This may not be as much of an issue if you are starting a business from scratch. Many businesses, particularly those that can be operated from a home office, can be started for just…

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Finding the Right Accounting Practice to Buy

Accounting practice revenue is on the rise. The AICPA reports that between 2014 and 2016, revenue growth ranged from 4.9% for those making $500,000 to $750,000 annually to 10.5% for smaller firms with less than $200,000 in revenue. Finding the right accounting practice to buy depends on a variety of factors, including: Experience Firm specialization…

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Tax Advantages of Owning a Business

According to the U.S. Census Bureau, the median household income in America as of 2017 was $61,372. Though this is the highest income on record, expenses have risen sharply in recent years as well, and many families are still just scraping by. This is one of the reasons that buying a business can be an…

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