Transitioning an accounting practice requires the skills of a great acquisitions team. As a matter of fact, an acquisitions consultant can guide you in the best direction.

It takes years to create a solid and successful accounting firm. After all, your career investment involved more than just your education and dedication to work. It also involved networking, accountability, management, time and more. These components to your success are exactly the reason for careful consideration when transitioning an accounting practice.

Are you interested in selling your CPA firm?

Are you in need of a change but are unsure which step to take?

Or do you desire to merge with a more established accounting firm?

Many accounting firms become overwhelmed with high turnover rates and limited resources. For instance, a CPA firm can be inundated with a large client base without enough staff to accommodate the demand. Does this sound familiar to you? In cases such as these, merging with another CPA firm would alleviate the burden on you and your staff. At the same time, merging provides a more foundational structure to the business and allows room for growth and education.

1. Evaluate the accounting firm.

It is imperative to fully examine your practice before you do anything else. How is the firm’s workflow? What are the firm’s business strategies? What are the firm’s strengths and weaknesses? Are you satisfied with your current staff team?

These details should be thoroughly examined in order to determine a merger or sale outline and time frame.

2. Determine the value of the accounting firm.

Do you know what your practice is worth? In this acquisition phase, you should establish the goal for a selling price. However, do not minimize your firm’s value. In order to establish a fair selling price, you should base it on your firm’s strong points, line of business, retention rates, assets and more.

This is the time to showcase your CPA firm’s value and how it would bring worthwhile success to the merger.

3. Merge the accounting firm.

Finally, your acquisitions team will guide you to the merger phase. Your acquisitions consultant will ensure that you have a clean transition. This involves movement of the firm’s staff and equipment as well as any merging responsibilities. At the end of the day, the acquisitions team will coordinate business transactions between the buyer and seller.

Our goal at Fusion CPA is to provide a sturdy, financial foundation for CPAs and clients to have a seamless partnership. We have successfully transitioned countless numbers of accounting firms. We have assisted firms of every size into a smooth transition of merging or selling.

We understand the uncertainty and stress that come with an acquisition process. Our three-step transitional phase process explained above eliminates the stress by simplifying everything. We are in the market to merge with or acquire accounting firms.

Change keeps the world in continuous operation. Don’t stress over the merge! Talk to us about your options today.


This blog article is not intended to be the rendering of legal, accounting, tax advice, or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.