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Succession Planning Resource Center

With a large number of baby boomers facing retirement, succession planning has become a top concern at many CPA firms. The New Jersey Society of CPAs has created this Succession Planning Resource Center to help members deal with this important issue.

Succession Planning

  • Selling Yourself to a Potential Buyer

    September 4, 2014
    Many small and sole practitioners put in a lifetime of hard work in building their practices, but they often don’t devote the time necessary to consider how to properly position and promote their firms when it’s time to sell. The more the seller prepares, the more successful the outcome is likely to be.
  • Five Steps Young Professionals Can Take to Help Ensure They Are Part of the Firm’s Succession Plan

    August 29, 2014
    If you dream of occupying a corner office at your firm, making important strategic and financial decisions, and leading a team of accounting professionals toward growth and success, then it’s important to make sure you are a part of your firm’s succession plan. Here are five ways to help make certain your name is brought up as a viable firm partner candidate in the future.
  • Practice Continuation for Small Firms: An Action Plan

    July 23, 2014
    Several risk exposures, including possible damage to a client’s business and the potentially negative effects of missed opportunities, come into play when a CPA is unable to work, but has not made arrangements for a suitable replacement.
  • Key Factors in Practice Value

    July 21, 2014
    Professionals often ask what their accounting or tax practice is worth but asking that question is like asking what houses are worth. It is unwise to rely solely on some simplistic rule of thumb because each practice, like each house, has a number of factors that may cause the price to vary. Following are the seven factors that have the greatest effect on value.

Mergers and Acquisitions

  • Risks to Consider When Buying a CPA Practice

    September 23, 2014
    Entrepreneurial CPAs who want to run their own accounting practice often buy into an existing firm instead of starting from scratch. While a loss of existing clients is a well-known risk in such a transaction, CPAs who find the right fit often discover that clients will give them a chance to keep their business.
  • The Solvency Problem and Tax-Free Mergers

    June 23, 2014
    There are proposed regulations that have been in the works for a decade that, if finalized, will potentially cause complications among certain mergers.
  • Tech Integration Comes First During an M&A

    March 1, 2014
    A well-conceived integration plan, penned long before the ink dries on the contract, is critical. And savvy companies know that the first step in that plan is to address technology.
  • How to Value a CPA Practice for Sale

    November 1, 2013
    One of the key components of a CPA succession plan is the sale or transfer of the retiring CPA’s ownership interest. How is the value of that interest determined?
Available exclusively to CPA society members: 
Looking to sell your firm?
Looking to grow or buy a firm?
Look no further.
  • Search for others looking to sell, merge or buy.
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Available to NJSCPA members:
 Transition Advisors LLC
Project MATS - Merger, Acquisition, Transition, Succession

Transition Advisors LLC specialize in advising managing partners who are actively pursuing growth and succession strategies including advice on mergers and acquisitions.

>> Learn more

NJSCPA Classified Ads

Whether you're looking to merge, be acquired or acquire another firm, post a cost-effective ad on the NJSCPA website, in New Jersey CPA magazine, or both.

>> Learn more


Managing your leadership legacy requires strategic foresight. Bring training in-house to gain perspective on the future of your organization and the steps you can take today to make it a successful transition.

Suggested on-site training: Contact Sharon Drucker for details at 973-226-4494 x229 or