CPA Continuing Education Class: Trusts Workshop – Phoenix AZ

The use of trusts from 2017 will continue to undergo changes. Clients need to be informed why planning is essential in these changing times. The purpose of this course is to explore the many beneficial issues of trusts, an essential element in estate planning. This course gives insights and practical pointers concerning trusts of every…

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CPA Continuing Education Class: Nonprofit Accounting and Auditing – Phoenix AZ

This year is yet another year of significant change in the world of government and nonprofit accounting and auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The course materials utilize a highly illustrative…

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CPA Firm Mergers & Acquisitions Face New Ethics Requirements

(New AICPA Guidance on CPA Practice Sales and Mergers) In 2016 the AICPA (American Institute of CPAs) published some new ethics guidelines that became effective June 30th of 2017. For those CPAs intending to enter into an M&A (Mergers and Acquisitions) arrangement in 2018 and beyond, it would be beneficial to review these new requirements…

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Funding Options When Buying a Business

Purchasing an existing business offers a lot of advantages over starting a business from scratch. An existing business is already established and is already generating cash flow and (hopefully) profits. In addition, there is a built-in customer/client base, employees who are already trained and familiar with the operation, and a proven process in place. The…

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Accounting Practice Valuation Details

Most practicing accountants have heard about 1 times gross. This is the average multiple for which accounting firms have sold for many years. One can determine accounting practice valuation by pulling practice comparable sales for the last 10 years and the average will be 1 times gross. While most industries sell as a function of…

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