Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
CAREER STAGE: Mid
Learn how to buy or sell an accounting practice.
This CPA Ontario course is for CPAs who are looking to buy or sell an accounting practice. The seminar is designed to guide participants through the entire process of practice transition. Buyers will learn key markers of a successful practice, concerns of the seller and how to smoothly transition into the new role. Sellers will learn about developing transition plans, pitching their practice and purchase agreements.
Key topics such as technology, billable rates, types of clients and staffing will be explored. The course will consider current trends in the profession, and compare the differences between a merger and a direct sale. The valuation process, how to assess risks, and the use of earnouts will be covered, as well as taxation of a practice transition based on the sale of shares vs. the sale of assets. Finally, the seminar will summarize the ethics considerations of technology and communication with clients.
Polls and breakout rooms are used throughout the course to encourage discussion of the topics.
Key Takeaways
By the end of this course, you will be able to:
- Identify the key elements of a successful practice and current trends in the profession
- Recognize the main drivers of practice valuation
- Distinguish the risks inherent with the transition
- Identify taxation issues and key issues regarding client retention
- Review ethics considerations
Who Will Benefit
CPAs looking to buy or sell an accounting practice.
Prerequisite Knowledge
Participants should have a general knowledge of practice management. A minimum of three years public practice experience is recommended.
How to Access the Course
This course is delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Dorin Mihalache, CPA, obtained his Chartered Accountant designation in 2008 and completed all three levels of the In-Depth Tax Course. Today, Dorin runs his own public practice, brokers practice transitions across Canada, and recently completed the second edition of his book Tax For Doctors.
Testimonials
I thought the course was very helpful in planning ahead to sell my CPA practice. The Instructor was very knowledgeable.