CPAs are now allowed to engage in any type of advertising, as long as it does not violate the FTC Act’s Section 5, which disallows false or deceptive advertising. Now that AICPA restrictions on advertising have been lifted, many AICPA members are interested in advertising.
How much is an accounting practice worth?
Accounting practices are worth one times annual gross revenue. This is a belief that has been around our profession for decades and, in fact, still drives the marketplace. No one can really explain why one times gross is such an accepted formula.
How do CPAs get clients?
Whether it’s live or online, the best place to find a new client is to live where they live: online in LinkedIn or a Facebook group, a local networking event, or even through your volunteer efforts on a board or committee. You need to be where they are, and if you don’t know, ask them.
Is it worth it to sell your CPA firm?
All too often, a CPA devotes decades of work to his or her company, then offers the practice for sale for much less than it’s worth. Since the accounting practice is probably their largest asset, retiring CPAs can impact their financial future if they leave money on the table when selling a CPA practice.
How to sell your Accounting Practice to a broker?
At Accounting Broker Acquisition Group, the accounting practice sales process all starts with finding the right buyer for your firm. We first focus our efforts on marketing your practice to the largest possible buyer pool.
Is there an accounting broker for a CPA firm?
Utilizing our analytical skill as Ex-Big 4 CPAs, Accounting Broker possesses unparalleled experience in the promotion, negotiation, and sale of CPA firms.
Is there a demand for a CPA firm?
If a CPA is in a marketplace where many accounting firms are looking to buy CPA practices, the demand for the practice is greater and the value is higher. In more remote areas, the supply-and- demand curve is different.
