Succession planning

The California accounting firm's co-leadership model was put to the test in 2020.

Many firm leaders are in denial and fall short of what’s required, and that’s the principal reason why so many firms can’t get to the next level.

Jen Leary will succeed Denny Schleper on Jan. 1, 2021.

The top firms are getting larger, stronger and better by gobbling up small and midsized firms, making it tougher to compete for talent and clients.

Currently the firm's chief marketing and strategy officer, Majchrzak will become the third CEO in the firm’s 30-year history and the first non-CPA to lead the firm.

Baker Tilly is acquiring Brown Adams Agbayani; ABIP CPAs & Advisors is combining with Parr & Associates; and Benning Group is merging in Boeke & Associates.

Between the pandemic, aging CPA firm owners and staffing tensions, many in the accounting profession anticipate a huge uptick in firm mergers and acquisitions over the next 24 months.

You have five years to get your business-owner clients ready to leave.

My practice continuation tool kit has a sample purchase agreement with explanations of each step of the process.

There are no undergraduate and very few graduate courses on advising clients that want to sell their business or who want to buy a business. When I started my career, there were no CPE courses either.

Mowery & Schoenfeld is merging in Xamin, a provider of managed IT services, and Westberg Eischens has acquired Robert F. Danielowski’s accounting firm.

Transition in CPA firms is a process that has passed the test of time and has been managed in good times and bad.

CPAs have a unique view into their clients who will exit their businesses in the not-too-distant future.

It's not just about higher status and more pay: There is plenty for new partners to know and do, and unfortunately many firms do not have any training for them.

It’s a good time to be opportunistic about your firm’s future — and to poke these embers in a meaningful way.

The pandemic may not be changing the M&A landscape in the ways you expect, says Transition Advisors' Joel Sinkin as he dives into what's different, and how.

Today's leaders need to adapt to operating in the world of the future — today.

As the accounting profession moves through the coronavirus, Transition Advisors' Joel Sinkin shares what the last recession and the aftermath of 9/11 tell us to expect in the M&A market.

Make note of what your firm is doing right – and wrong – through this crisis.

Difficult times hold up a mirror to your practice. What will you see?