With the holidays quickly approaching, it is understandable that business can take a backseat to family, holiday festivities and Egg Nog. While you may be gearing up for another tax season, there should still be plenty of time available to close on a practice and transition the clients over so that your firm is ready to go January 1. Typically, and this is assuming that both the seller and the buyer will work very diligently. The due diligence and contract should be able to be wrapped up within a few weeks. Obviously, if this were May or June this could be placed on a backburner mentality, but in December, it’s go time. Closing in December or even early January is a great time for both the seller and the buyer. Being involved with tax season is a great way to get your face in front of the new clients and make introductions. If transitioned properly and work is done to the client’s satisfaction this is a great time to purchase a practice and earn some more money over the next few months. Obviously I could not end this blog without suggesting looking at some of the fine accounting and tax practices that Naab Consulting has for sale. Also, be sure to check back often as our new listings appear frequently. Sign our Buyer Registration Form and you will automatically be entered into our email notification list so that we can email you when practices become available in your area. There is no charge and no obligation for this service.
