Traditional accounting practices track business performance based on long-established standards and systems. While accounting practices should be a close function of the business they measure, they ...

Selling a practice is a life-changing event for most people. It means letting go and deciding to retire. It also means monetizing the practice that provided your living and added savings for your long ...

The economic conditions over the last 5-10 years have created a serious demand for CPAs to become much more proactive and act as the ‘trusted business advisor’ for their clients. The reality is there ...

If you own an accounting practice, you will likely sell or merge it within your lifetime. For many Baby Boomers, the time for such a transaction may be just around the corner. Before you are ready to ...

This book traces the history of the goodwill accounting controversy in detail. The book explores the problem of recognizing the importance of goodwill as a whole and finding a way of presenting ...

Last week I wrote about the potential difficulties faced by sole practitioners and small partnerships in eventually selling their practices. It elicited many comments, some of which had to do with the ...