Tax season puts all CPA firms to the test. It requires that your people, procedures, technology, and client services are all working at...

Many firms will determine—either now or right after tax season—that a merger is a top priority. Whether your firm will be the successor...

Once you get billings caught up and refresh yourselves after tax season, spend time looking at the health of your firm and its future....

Successful practice continuity depends on making three parties happy: Clients, firm owners, and the next set of owners, successors, or...

Experience dictates that the parties involved in M&A need to prioritize their expectations of what they want from—and bring to—the deal...

All parties in a merger or practice sale are motivated to achieve certain outcomes. The primary ones are tied to finances. When the firms...

The bevy of CPA firm M&A in recent years has changed the size and composition of firms in the market. Even private equity firms looking...

Accounting firms that are focused on growing the leadership bench have typically followed a conventional path for partners, which...

The financial and operational success of many accounting firms has been dependent on the results of tax season. In these practices, as...

Strong success provides firms with more options to recruit and train talent, promote leaders, add services, and complete transactions...

Partner compensation is the perfect gauge for firm success, partner achievement, and partner happiness. Many firms have intricate...

With the sophisticated technology available and the high level of talent and expertise CPAs and administrative staff both currently...

CPA firms commonly earn the bulk of their revenue from calendar year-end and personal tax work performed during busy/tax season. During...

In 2021, we worked successfully on M&A with firms ranging from $1.5 to $250 million in annual revenue. Here are five lessons from those...

Developing and cultivating the next generation of leaders and owners is a crucial part of any healthy CPA practice. While succession in...

More than hiring and firing, a CPA firm's human resources (HR) staff facilitates collaboration and helps the entire team find the best...

Running a CPA firm tax department may be a dream role for many professionals or a nightmare. If it is your dream or your responsibility,...

In every market, CPA firms have a wish list of clients they would like to have. Clients will change accountants for all kinds of reasons....

A CPA firm's marketing staff is critical to getting positive messages out in the marketplace to build bridges with clients, potential...

Maximizing profitability is not as simple as raising billing rates and controlling costs. It is a disciplined process that will influence...