2012 Succession Survey for CPAs: Practice Continuation Agreements (Part 4)
There are many nuances to selling your accounting or CPA practice that you should consider prior to the sale. One of the items that should be considered is coming up with expectations on “how and when” you will receive the proceeds of the sale. There are cash buyers in the marketplace but those are few […]
2012 Succession Survey for CPAs: Practice Continuation Agreements (Part 3)
We have been discussing the results of the 2012 succession survey for sole practitioners completed by the AICPA. The respondents are sole practitioners with or without a professional staff. Among sole proprietors, 20% expect to receive less than $1 for $1 of revenue. The following table describes the expectations of the group of respondents: Dollar […]
2012 Succession Survey for CPAs: Practice Continuation Agreements (Part 2)
In Part I of this series, we discussed the 2012 succession survey for CPA’s. We have previously blogged on Practice Continuation Agreements (PCAs). For more on these please view our blog library. A PCA is a contract between the sole practitioner and another firm (successor firm) wherein the successor firm agrees to take over the […]
2012 Succession Survey for CPAs (Part 1)
In this three part series, we will discuss the 2012 succession survey for CPA’s. The annual succession survey completed by the AICPA has been recently distributed and there are several interesting points that warrant a discussion. The survey is made up of respondents that are single-owner practices who employ a professional staff or sole practitioners […]
