Succession planning

The digital edition of the December 2013 issue of Accounting Today is now available.

Check out the digital edition of the November 2013 issue of Accounting Today.

Aquila and Grissom on finding solutions to the feuds between different age groups in the workplace

Every firm is working through the succession maze and dealing with the exit of key partners in the firm.

Three different generations offer advice to each other

The beginning of your succession planning needs to start with an honest evaluation and plan to address the business fundamentals associated with the new economy.

Check out the digital edition of the August 2013 issue of Accounting Today.

Partners may leave, but business shouldn't

CPA firms are wrestling their way through partner retirements and the accompanying succession issues in numbers that the profession has never seen before.

Amit Jain of ADP Small Business Services discusses the challenges of growing an accounting practice, retaining clients, increasing cash flow, recruiting and retaining staff members, and dealing with regulatory complexity, in an interview with Accounting Today editor-in-chief Daniel Hood.

Management consultant and veteran VAR Terry Petrzelka answers some key questions on how today’s VARs differ from even just a few years ago and how they can and need to progress to remain in business.

The American Institute of CPAs’ Private Companies Practice Section released the results of its 2012 PCPS Succession Survey not long ago, and it provides us with data from nearly 1,000 firms across the U.S. on how they are dealing (or not) with succession.

Seven in 10 business owners in the United States expect to exit their company in the next 10 years, according to research from SellabilityScore.com. When we asked business owners who they would turn to for advice on selling, 64 percent said they would seek the advice of their accountant, thus ranking the CPA as the most trusted professional among all of the advisor categories we measured.

Theodore J. Flynn, the longtime president and CEO of the Massachusetts Society of CPAs, plans to retire at the end of 2013 after 43 years of leading the organization.

PricewaterhouseCoopers US has published a new edition of its annual guide, “Managing Your Wealth: Guide to Tax and Wealth Management.”

The majority of CPA firms experienced an increase in revenue growth, according to a new survey by the American Institute of CPAs and the Texas Society of CPAs.

Nearly 80 percent of multiple-partner CPA firms believe succession planning will become a major issue for their firms, according to a new survey by the American Institute of CPAs.

There are basically two types of succession plans. one addresses the transfer of the practice at a time of the owner's choosing. The second addresses a transfer in the event of death or disability of the owner - a disaster.

CPACA Leadership Study Says Communication Key, Integrity Essential