In this Tax Section Odyssey podcast episode, the second in a three-part miniseries on reimagining firm ownership, April Walker, CPA, CGMA, is again joined by Adam Shay, CPA, a former firm owner turned business coach for accounting firm owners. This conversation explores how accounting firm owners can successfully navigate the process of selling their firm in today's competitive market.

Gather actional insights for firm owners considering a sale, emphasizing strategic preparation, objective valuation and thoughtful communication throughout the process.

What you'll learn from this episode:

Key qualities buyers look for, including strong people, pricing, processes and technology
Common mistakes sellers make, such as accepting the first offer or neglecting competition
The important role of due diligence, transparency and cultural fit in successful transactions

AICPA resources

Reimagining firm ownership — Building and growing a modern practice | Tax Section Odyssey (episode 1 in the reimagining miniseries)

Engage365

Reimagining Your Tax Practice

PCPS Transforming Your Business Model

Reimagining firm ownership — Selling smart in a changing environment