CPA Practice Sales Blog

Thinking of SELLING your practice this year? A tip before you might consider before making the jump...

Are you thinking of merging your practice, you may want to reconsider...

Will there be a bailout for financing accounting practice sales...

Thinking of selling and wondering why I would need a professional...

Columbus area CPA firm has sold.

Is this your last tax season...

How the recent recession has effected the practice sales market...

Think there isn't time to buy a practice by the end of the year? Think again...

Do you have a succession plan or exit strategy in place? If not, you are not alone....

When is the optimal time to purchase an accounting practice? When is the optimal time to sell an accounting practice?

During these difficult economic times, is financing still available for purchasing an accounting practice?

Many believe that due diligence is the first step in negotiating a purchase price for an accounting practice that is for sale. This is not necessarily the case.

As an alternative to the outright selling of an accounting practice, many CPA firms might want to examine a merger with another firm as an exit strategy. A merger could allow the senior partners another three to five years of career life without the interruption of finding a buyer while also maintaining the loyalty of clients and staff.

So, you're selling your accounting practice? Whether you're familiar with the process or not, the following is a list of things NOT to do when working towards that big sale. 1. Failing to find a successful consulting company to assist you in your selling process. Finding a consulting company that is working for your needs is imperative to the success of your selling experience. Professional consulting companies will help save you time by remaining to stay confidential and working for you to get the most for your accounting practice.

In order for your company to survive, it needs to be constantly changing and become stronger. Sometimes the only way to do this is to consolidate your accounting business. There are a lot of books out there that will attempt to help you consolidate your business, but with the economy as it is today, and as much time as a small or large business takes, you may not have the time to read any of these books.

At times, merging businesses together is the worst thing you can do and Accounting Practice Mergers and Acquisitions are no exception. Sometimes the Accounting practices don’t mesh as well as anticipated; customer service may fall as new customer policies are implemented; or corporate cultures and management styles are incompatible. The merger sometimes kills the company rather than help it. We’ve all seen and heard of this happening to once great companies

One of the three main jobs that will be opening up as the 78 million boomers retire is in the accounting field. This is great news not just for those who will be starting their careers soon but almost every generation will find benefits to the boomers retiring--especially if they've ever dreamed of owning their own business.