Valuing Your Accounting Practice for Partner Retirements

Nearly two thirds of accounting professionals are over age fifty. In our lifetime, we’ll see this group of individuals exit the profession. And what will they leave in their wake? That's a conversation for a warm brandy and a long, cold winter night. In the short term, however, as older accountants contemplate leaving the profession, we can be certain there will be a massive changing of the guard and a realigning of accounting practices. If you see a sale, merger, or reconstruction of your accounting practice in your future, you're not alone. Gary Adamson, president of Adamson Advisory, shares his insights this week on how to value an accounting practice for partner retirements.