Solutions for succession

Succession for CPA firm leaders has become a huge issue in the accounting profession as members of the Baby Boom generation have reached retirement age. These stories can serve as resources for CPAs as they navigate these issues.

CPA firms struggling with succession
As Baby Boomer partners reach retirement age, they are having difficulty delegating work to staff members and developing leaders to replace them.

Succession issues likely to fuel urgency around retention of women CPAs
With leaders from the Baby Boomer generation retiring, the CPA profession is looking for new leaders to step forward.

Retirement: Avoid the pitfalls and plan for the possibilities
CPAs nearing the end of their careers face many fears, but they can avoid common mistakes and employ strategies to make a successful transition into their next adventure.

Preparing for what’s next
Practice-continuation agreements can provide a smooth transition to a successor for a CPA practice.

How to admit new partners: A fresh approach
The average annual valuation method can help accounting firms find the right formula for bringing in new owners on terms everyone can live with.

Benefits of an employee stock ownership plan in succession planning
An ESOP can be used to finance an owner’s exit from a business and has the added advantage of tax deferral on the gain from the sale of the business.

How to price an owner’s interest in a CPA firm
Dramatically different demographic and market conditions require new strategies to pay for buyouts.

Succession challenges for U.S. CPA firms to tackle
Global Accounting Alliance survey shows the need for practice-continuation planning is reaching a critical point.

Succession series

Learn about CPA firm valuation, managing owner transition, and more in this 12-part series covering nearly every angle of the succession topic in articles written by Joel Sinkin and Terrence Putney of Transition Advisors LLC in New York City.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.