With the number of retirements in the accounting profession expected to soar over the next decade, many foresee a wave of CPA firm sales happening at the same time. Anticipating the trend, the Journal of Accountancy has offered up its method of valuing a CPA firm, but the method and results differ depending on whether an external transaction or internal transfer is involved. Of particular concern is the sale or transfer of the retiring CPA’s ownership interest. You can get the full breakdown on both approaches regarding each scenario here.
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