by Magnus Yoshikawa | Oct 20, 2016 | Practice Management
When buying (and selling) client fees, it’s clearly in the best interests of both parties to make the transition as gentle as possible for the clients involved in the exchange. After all, clients don’t choose to be ‘sold’ and they have every right to reject a new...
by Magnus Yoshikawa | Sep 23, 2016 | Latest News
With the market being a buoyed one with buyers still seeking out good practices, we still find a ‘she’ll be right’ attitude towards the buy / sell of firms. Three points where ‘she’ll be right’ does not work: Staff Agreements: Please, if you are a small firm that has...
by Magnus Yoshikawa | Aug 6, 2015 | Featured Articles, Latest News, Practice Management
Practice Purchases – Checklist of Items to Collect At, or Post, Settlement The other day someone asked, “what should I collect at, or immediately after, settlement, once the firm purchase has gone through”? We started to build a list of the obvious items and...
by Magnus Yoshikawa | Jun 3, 2015 | Featured Articles, Financial Services, Latest News
As a generality, Public Practice Accountancy Practices can sell for between $0.75 and $1.00 ~ Premium for every $1.00 of ‘recurrent revenue’, whilst SMSF Administration companies (and SMSF books of business in Accounting Practices) can sell for between $1.00 and $1.20...
by Magnus Yoshikawa | Apr 2, 2015 | Latest News
One issue for people on the cusp of retirement is, What will happen if death comes along whilst I am at my desk? I can understand such people wanting to continue to work, it adds to the retirement savings and keeps the brain functioning. Some accountants have a...