Jeremy Kitchin of APMA assesses the position of those asked to buy into an accountancy practice and outlines the key questions you should ask before you sign on the dotted line. Goodwill When buying a practice we are talking about…
Accountancy practices typically have four main components. They have been set out here by Lucinda Kitchin of A.P.M.A., and they may be adjusted according to what is actually being bought by the purchasing firm. In most instances accountancy…
Start-up accountants urged to opt for purchasing an existing accountancy practice rather than risk going it alone. Start-up accountants are urged to proceed with caution when setting up a new practice during the recession. Jeremy Kitchin of APMA was asked…
Times are tough and you may be considering setting up on your own. So if you are thinking of starting your own practice, take heed of the challenges you may find yourself facing: If you wish to trade as a…
Don’t sell yourself short! Points to consider to ensure you get the best price when selling your practice – Times are tough and times are a-changing which might cause you to think about your own future. If you are thinking…
It’s vital that you understand this important concept when it comes to buying or selling an accountancy practice. Virtually all practices being sold will have a claw back clause in the Sale Agreement, which is a risk-sharing agreement between buyer…
Five things you can do to ensure you get the best possible price when selling your business Look at your charge-out rates. Make sure they are competitive. If you are undercharging and the new owners have to put them up,…
Industry Expert Observes the Impact of the Recession on Goodwill Valuation of Accountancy Practices Leading accountancy practice mergers and acquisitions expert; Jeremy Kitchin of APMA, spoke about the goodwill valuation of accountancy practices in a recession during a lecture in…
A Leading Accountancy Practice Broker Advises on Buying into an Accountancy Practice If you spend any time looking at listings of accountancy practices for sale, you’ll notice that there is a significant difference between opportunities to acquire the largest and…
MARKETING STRATEGY ‚ PART OF YOUR BUSINESS PLAN Before you can produce an effective business plan for your practice you must devise a marketing strategy. The expenditure incurred by, and the income generated from, the implementation of this strategy is…