How to Expand your Accounting Firm Through Acquisition

Episode notes

Considering an acquisition to grow your accounting firm? Acquisition is one of the fastest ways for accountants, tax preparers, and bookkeepers to scale, but the landscape is changing. Whether this is your first purchase or your next strategic move, understanding current market conditions is essential, especially if your firm operates in a rural area. 0:00 Introduction to Accounting Firm Acquisitions and Valuation 3:42 Understanding Firm Value vs Market Willingness to Pay 8:15 Increasing Your Accounting Firm Value: Recurring Revenue and Technology 12:30 Calculating Equity and Leveraging Your Firm for Expansion 16:45 SBA 7A Lending Program for Accounting Firm Acquisitions 21:20 Recent SBA Rule Changes: Seller Ownership Retention Benefits 22:34 New SBA Rules: Seller Retention & Succession Planning In this episode, Shannon Hay of United Midwest Savings Bank breaks down what growth-minded firm owners need to know before pursuing an acquisition and how to navigate the financial and operational steps with confidence.

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