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What are the standard market conditions for CPA and accounting practices in my area?

April 26, 2017Accounting area Conditions CPA market practices standard

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What are the standard market conditions for CPA and accounting practices in my area?

1 Answer

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Accounting practices are primarily sold on a multiple of gross billings with a client retention clause (usually 1 year). Unless the Buyer has an intimate knowledge of the firm (i.e. an employee or partner), we believe a retention clause helps to ensure an equitable deal for both the buyer and seller.