Life In Accounting - The Where Accountants Go Podcast

In this episode of Life In Accounting: The Where Accountants Go podcast,  David Sweeten, CPA and Eric Arroyo, MBA from Business Brokers of Texas share their expertise on buying and selling accounting firms and businesses in general. We have discussed buying practices as a good way to begin or grow a business a few times before (see below), but today we will get into more details of how the process truly works. Buying Considerations Accounting practices are always very valuable, and they will sell. When you have a serious buyer, the sale will happen quickly. When buying a business, make sure to explore these factors: Age of seller Accounting and tax software used Geographical area of the clients What types of clients to you want Fees currently being charged Gross income desired Why Use a Broker? The benefit of using a broker like Business Brokers of Texas is they make sure the deal is fair for all parties. A broker is available to add objectivity to the process. The process can take a while somet