When it comes to selling an accounting firm, closing the deal is just the beginning. The real success of a sale lies in how smoothly the transition unfolds—for clients, employees, and both parties involved. Poor transitions often stem not from…
In times when economic headlines seem to grow more alarming by the day, it’s understandable that professionals in the accounting world might begin to second-guess their future plans. Whether you’re a seasoned practitioner looking to retire or an ambitious buyer…
1. Has the Buyer Explored External Financing? In reality, there are plenty of financing options available. It’s a wise strategy for buyers to first explore financing options through banks. Lenders often prefer businesses with reliable cash flow, and practices like…
As accounting professionals, we pride ourselves on delivering expert guidance to our clients—whether that’s in navigating complex tax codes, preparing financials, or offering strategic business advice. We’d never suggest that a client file their own taxes, handle their own legal…
If you’re planning to sell your CPA firm, be prepared—questions will come from every direction. Whether you’re speaking with potential buyers, financial institutions, landlords, or brokers, each party will want specific information. Some inquiries will be general, especially early in…
When it’s time to sell an accounting firm, most owners assume a larger firm will be the likely buyer. However, the reality is that the best fit is often an experienced individual. More specifically, it could be a local employee…
Introduction A tax audit is one of the most daunting experiences for any taxpayer, whether you are an individual or a business. The thought of the Internal Revenue Service (IRS) meticulously examining your financial records can be stressful and time-consuming….
In recent years, NerdWallet has become a valuable resource to millions, bringing a wide array of services, insights, and resources at no cost to users. NerdWallet has become very popular with both casual users and serious financial planners. It monitors…
Small business owners and entrepreneurs often assume that tax planning is the same as tax preparation, but the two are in fact very different. Tax preparation focuses on filing your returns accurately, and often involves just one or two trips…
An emergency fund is not just a personal finance necessity; it is equally crucial for businesses. Just as individuals need a financial cushion to handle unexpected expenses, businesses also require a safety net to maintain stability during unforeseen circumstances. This…