Finding the Right Accounting Practice to Buy

Accounting practice revenue is on the rise. The AICPA reports that between 2014 and 2016, revenue growth ranged from 4.9% for those making $500,000 to $750,000 annually to 10.5% for smaller firms with less than $200,000 in revenue. Finding the right accounting practice to buy depends on a variety of factors, including: Experience Firm specialization…

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CPA Continuing Education Class: Tax Issues from Formation Through Liquidation – Phoenix AZ

As they gain more experience, staff are expected to take on more complex assignments with minimal supervision. The course is designed to be a step above a mere preparation seminar, including a deeper study into critical areas of formation, special allocations of income and deductions, basis calculations and implications of recourse and nonrecourse debt, basis…

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CPA Continuing Education Class: Small Business Impacts of TCJA – Phoenix AZ

What is a specified service business, how is the deduction impacted by W-2 wages or investments in property and numerous other issues related to the qualified business income/passthrough deduction must be addressed by CPAs advising closely held businesses. This program will address these concerns and others, as well as incorporate up-to-date information on IRS guidance…

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Tax Advantages of Owning a Business

According to the U.S. Census Bureau, the median household income in America as of 2017 was $61,372. Though this is the highest income on record, expenses have risen sharply in recent years as well, and many families are still just scraping by. This is one of the reasons that buying a business can be an…

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How A Business Broker Can Help You Find the Right Business To Buy

If you are considering purchasing a business, it is very helpful to have professional guidance throughout the process. There are no guarantees that the business you buy will be successful, even if it is profitable when you purchase it. It is important to perform your due diligence to ensure that this is the right business…

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