Tax Season 2013 is over and the M&A frenzy will pick back up again where it left off. So, what is your practice worth? What can you expect whether you are a buyer or seller? One thing is for sure - Baby Boomers are selling at a rate that the profession has never seen before. It is still a seller's market, for now. But the demographics and the thousands of practices that will soon be for sale suggest that may change over the next few years. Read more...

The 2012 PCPS Succession Survey is out and provides us with data from almost 1,000 firms across the county on how they are dealing (or not) with succession. The survey also reveals a lot of information that we can use to help us navigate firms through the merger and acquisition waters. There is no question that M&A is hot. Take a look at any industry publication. It is unusual when they don't report a sizable deal daily. Read more...

I talk about the BBB with my clients a lot. No, this BBB is not the Better Business Bureau; it is the Baby Boomer Bubble. There is constant reference by the news media about the aging of the Baby Boomers but I for one did not know exactly what it meant. So, I Googled it. What I found is not good news for the accounting profession. The BBB is 76 million of us born in the United States between 1946 and 1964 and we are fairly evenly spread through those 19 years.

Read more...