Link: How to Value a CPA Firm for Sale

Journal of Accountancy
November 1, 2013

Published on November 1, 2013, this article provides guidance on valuing CPA firms and ownership interests in CPA firms.  The article was published by the Journal of Accountancy as part of their series on succession planning in the public accounting industry.

The authors identify four (4) factors that ultimately determine the multiple of billings used in figuring sales price, as follow:

  1. Cash Upfront, if any
  2. Retention Period (Length)
  3. Profitability (for the buyer based on deal structure), &
  4. Duration of the Payout Period

If you want to succeed, you should strike out on new paths rather than travel the worn paths of accepted success

John D. Rockefeller

My latest column for the “Financial Tip of the Month” was published in January 2017.  You can check out the online copy at this link.

Date: February 1, 2017
Appearance: Tax Season Update
Outlet: BIZ.Magazine
Location: Shreveport, LA
Format: Magazine

I was privileged to serve as a guest blogger of BIZ.Magazine on Wednesday, January 25, 2017.  Check out the post at link below:

Date: January 25, 2017
Appearance: Indicators Pointing to a Rally in Natural Gas
Outlet: BIZ.Magazine
Location: Shreveport, LA
Format: Magazine

3 Indicators Pointing to a Rally in Natural Gas

Economic Conditions Appear Favorable...For Now

Don’t look now, but things are beginning to look up for the oil and gas industry.  The timing couldn’t be better, as Shreveport-Bossier (SB) is badly in need of a spark to stimulate the seemingly stagnant economy.  Unfortunately, it is not likely a coincidence that SB’s recent economic slump occurred during an almost identical period in which national oil and gas markets were pummeled.  To the contrary, Shreveport-Bossier’s […]

Tax Refund Delayed? Here’s Why….

Also Be Aware of Due Date Changes for Business Tax Returns

The 2017 tax season is officially here, and it is accompanied by changes that will affect the majority of taxpayers in some form or fashion.  An overview of changes, due dates and helpful tips to start you off on the right foot is provided below. Individual Income Tax Returns (Form 1040) Date Season Opens:  January 23, 2017 Due […]

Pro Tips for Explaining Strategy & Outcome Using Management’s Discussion & Analysis

Provide Context and Guidance to Financial Statements

Financial statements provide broad information about the financial position (balance sheet), results of operations (income statement), and cash flows (statement of cash flows) of a business.  While these basic financial reports give a snapshot of the business at a given point in time, they fail to communicate much of a message to financial statement users.  In fact, financials by themselves merely present figures, ratios, and charts […]

2016 Tax Organizer

Get Organized to Avoid Stress

Are you ready for tax time?  If not, there are steps you can take now to alleviate some of the stress related to filing your return.  Plan to get organized early by creating a tax folder for all your tax documents such as W-2s, 1099s, bank statements, and receipts for things like medical bills and charitable donations.  […]