The COVID-19 pandemic has forced many changes in the accounting industry and its clients. Some of these changes were ad hoc, temporary, and unpolished, and unfortunately, we will need to continuously address the effects of the pandemic for quite some time.
Read MoreA quick scan of an accounting industry newsletter, periodical, blog, or other related media will reveal one common trend of business activity – mergers and acquisitions of CPA firms.
Read MoreMost merger and acquisition deals typically go through five stages: preliminary discussions; transactional detail meetings and negotiations; an initial agreement outlined in a memo of understanding or letter of intent; due diligence; and the transaction agreement and signing of the partner/shareholder agreement.
Read MoreNow more than ever, firms need to be proactive and pivot as we all address many new daily challenges and do our best to continue operating in a ‘new normal,’ which is nothing close to being ‘normal.’ Most businesses are being forced to move to a remote working environment.
Read MoreThe marketplace for CPA firms is continuously changing as large firms seem to dominate the online accounting space with their broad range of services and significant resources. It is imperative that small firms develop a brand and an online presence to position themselves competitively in the marketplace.
Read MoreOne of the most significant reasons for succession planning problems in public accounting is the vast number of “comfort-zoners” in the partner ranks. Many comfort-zoner partners are very competent accountants, dedicated and hardworking, and good client service professionals.
Read MoreKevin Harrington and his “AsSeenOnTV.pro” Team realize the CBD/Hemp explosion is no fad and thankfully, is here to stay and growing exponentially stronger every day. In order to support this growing industry, they have formed a CBD/Hemp Advisory Panel comprised of a prestigious group of leading CBD/hemp experts and “movers and shakers” from a wide range of industries.
Read MoreA quick scan of an accounting industry newsletter, periodical, blog, or other related media will reveal one common trend of business activity – mergers and acquisitions of CPA firms. Progressive CPA firms have readily adopted the M&A strategy to increase and/or enhance revenues; overcome succession planning obstacles; upgrade professional staff and partners; acquire niche and service specialties; expand the firm’s geographic reach; and secure future domination of a particular marketplace.
Read MoreMost M&A deals typically go through five stages: preliminary discussions; transactional detail meetings and negotiations; an initial agreement outlined in a memo of understanding or letter of intent; due diligence; and the transaction agreement and signing of the partner/shareholder agreement.
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