Fall is in the air, the leaves are changing colors, temperatures are dropping (in some regions) and buying an accounting or tax practice is heating up. Typically, most practices are sold around the Fall which allows for both the buyer and the seller to get acclimated in time for the upcoming hectic tax season. From a buyer’s perspective, it allows a major source of tax revenues right off from the begging which will help with any potential cash flow issues as well as servicing the debt, most likely. From a seller’s perspective, it allows the owner(s) to phase out especially if they are not interested in working 60+ hours for the next four months ahead. Sellers will also be in a good position to introduce both individual and business clients to the new buyer. Proper transitioning of the client base is a major concern for the both the buyers and sellers.
There is still time to sell or buy an accounting or CPA firm if you are still interested I might add. Most of our transactions can happen very quickly as we are here to serve and make the transaction easier. We have sold practices in less than 30 days. Please don’t hesitate to give us a call if you would like to discuss your situation….we are here to help.