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.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.