If you are serious about getting the maximum market value in an accounting practice sale, the most important task is finding the right buyer. There are a myriad of criteria you should look for in an accounting practice buyer. This subject has been discussed in depth at the following link: https://accountingbroker.com/5-questions-for-prospective-buyers-accounting-firm-sale/ However, there are CPA […]
You’ve been working for somebody else for years, and now you’re ready to buy and manage your own CPA firm. But when you start comparing CPA practices for sale, you can easily get confused. Which one will be the best and most profitable fit for you? Here are a few factors to consider when shopping […]
When buying a CPA firm, many people turn to lending programs backed by the Small Business Administration (SBA). When compared to many conventional lending programs, SBA-backed loans offer flexibility, longer terms, and potentially lower down payments. Many buyers of CPA practices can take advantage of the SBA’s most popular loan program, the SBA 7(a). Preferred […]
Make no mistake. The buyer due diligence process in accounting firm sales is an inspection to corroborate the material aspects asserted by the seller of a CPA practice in the comprehensive financial information provided by the seller to the buyer. Due diligence is also typically performed related to certain information provided by the buyer to […]
When buying a CPA firm, many people turn to lending programs backed by the Small Business Administration (SBA). When compared to many conventional lending programs, SBA-backed loans offer flexibility, longer terms, and potentially lower down payments. Many buyers of CPA practices can take advantage of the SBA’s most popular loan program, the SBA 7(a). Preferred […]
The principal value of a CPA practice is represented by the goodwill and client list. The buyer desires the future fee revenues and referrals to be generated from those clients. Client retention after the sale of a CPA firm is extremely important to the buyer of the practice and to the seller of the practice […]
Many people who are starting or expanding their CPA businesses through the purchase of an existing accounting practice utilize programs of the U.S. Small Business Administration for financing. Under these programs, regular banks make and service the loans, but a portion of the loan is guaranteed by the SBA. If you haven’t applied for an […]
Is it better to merge or sell your accounting practice? Usually, the answer is to sell. While selling a CPA firm is generally the best option, there are cases where a merger is the only feasible way to go.
You’ve spent years building your CPA firm, developing client relationships and cultivating your niche in the marketplace. When the time comes to sell, selecting the right buyer can leave you in a cold sweat. How do you know this person or firm will maximize your firm’s profitability, satisfy your loyal clients and keep long-term employees […]