Succession planning

Marc Rosenberg, president of the Rosenberg Associates, discusses succession planning, mergers, firm growth, income per partner and other major trends in the accounting profession from the Rosenberg Survey, in an interview with Accounting Today editor-in-chief Dan Hood.

Self-created obstacles to accounting firm growth

Selling an accounting practice is a once-in-a-lifetime experience for most practice owners. There is much time, energy and money invested in an accounting practice, so finding the right buyer is crucial. Since it is such a rare event, sellers should be educated about some of the key misconceptions about the process.

How should the managing partner or CEO of a firm think and react in order to keep the firm lively and vibrant?

The Indiana CPA Society’s CPA Center for Excellence has steered its first CPA firm through its new advisory services program.

The best prepared accounting firms manage to be more productive and profitable, according to a new study by Wolters Kluwer CCH.

The American Institute of CPAs has asked the Equal Employment Opportunity Commission to reject appeals by EEOC staff to investigate and litigate against accounting firms about their mandatory partner retirement provisions, saying in a letter Monday that the classification of partners as employees would be disruptive to the accounting profession and its business practices.

The CPA Consultants' Alliance has launched a new survey to collect information on succession planning in order to determine how partners in CPA firms view their firm’s ability to address the succession of their partners as they approach retirement.

U.S. Wealth Management president and CEO John Napolitano discusses how accountants can help clients find opportunities for financial planning when preparing their clients' taxes, in an interview with Accounting Today managing editor Tamika Cody.

CPA firms need to treat succession planning like Sylvester Stallone’s character, Barney, does in the movie "The Expendables 3."

H&R Block has created a new program to draw CPAs and other accountants who are interested in selling their practices or becoming H&R Block franchises, with the new service spearheaded by accounting industry consultant Jennifer Katrulya.

Succession planning requires a pipeline

Thousands of firms are working through the succession and retirement of senior partners and deciding along the way whether or not they can pull it off internally and stay independent.

Check out the digital edition of the July 2014 issue of Accounting Today.

Highlights of some of our favorite tax-related blogs from the past week.

Transition Advisors president Joel Sinkin discusses how firms should handle succession planning when considering a merger, in an interview with Accounting Today editor-in-chief Daniel Hood.

Transition Advisors president Joel Sinkin discusses his new book on how accounting firms can execute a successful merger or acquisition, in an interview with Accounting Today editor-in-chief Daniel Hood.

CPAs come in all shapes, sizes and colors. Each one has their strengths and weaknesses. And each one bases success off of what they see as success.

As we work through the succession and retirement of senior partners in our firms, a lot of us are also reviewing and updating our internal documents and agreements.

Software partner veteran Terry Petrzelka, now a valued advisor and consultant to vendors and resellers discusses the oft avoided issue of succession planning, how firms should be measuring themselves and what exactly is going on with cloud ERP, or the comparative lack thereof.