Common Misconceptions When Selling a CPA Practice

When selling a CPA practice, many CPAs view the transaction similarly to selling a house or other piece of real estate. However, since the average American sells their home every seven years and the average accountant sells their practice just once in a lifetime, the sale of the practice is obviously far more important. As […]

The Difficulty in Selling Small Accounting or CPA Practices

Accounting Practices that are less than $150,000 often receive a lower multiple and can be more difficult to sell and transition than practices with more critical mass. While there is plenty of demand for small practices, the cash flow of small firms do not support the incoming principal, the exiting principal, and the cash needed […]

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