Tag-Archive for CPA Firm Buying Tips

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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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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Pitfalls to Avoid When Buying a Business

The economy is booming right now, and most industries are growing. This makes it an ideal time to think about buying a business. Being in business for yourself offers several advantages over being an employee. You get to set your own hours, be your own boss, and decide when and how you want to work….

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Am I Paying Too Much for a Business

With the economy growing at rates we have not seen since the mid-2000s, many aspiring entrepreneurs are considering purchasing a business. Buying an existing business can be a good strategy for someone who is able to obtain the funding because if it is the right business, it allows you to start making money right out…

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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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Advantages of Owning Your Own Business

Many people want to be in business for themselves. However, they have been warned repeatedly about the pitfalls of starting their own business, which causes them to stay in a comfortable job with steady, predictable income. While it is true that having your own business is risky, it also provides opportunities that you may never…

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Lucrative Businesses to Start in the New Year

2017 has seen resurgence in the U.S. economy. In the past year, the stock market is up more than 25%, and GDP growth exceeded 3% for the Second and Third quarters, the first time we have seen two consecutive quarters of 3% + growth since 2014. The numbers are not in yet for the final…

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Franchising vs Starting a Business from Scratch

Owning a business can be exciting and many individuals dream of owning their own business. While pursuing this dream, however, there are several obstacles that must be overcome. One of the first is deciding the best way to get into a business in the first place. During the startup phase, two of the most popular…

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Common Pitfalls To Avoid When Buying a Business

Going into business for yourself is one of the most exciting steps you can take. The right business is something you will be passionate about that will provide the income to live the lifestyle you want to have. Along the way, however, there is a lot of hard work to buying a business. This is…

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