Exit Strategy Planning for Accountants, Bookkeepers, and Tax Preparers...
Over the years I have seen and experienced many individuals and firms just close up upon the death or retirement of a tax preparer or bookkeeper. Recently the calls from a prospective client stating they need a new tax person because their old tax professional recently died is growing.
I feel that as a group of professionals that looks out for their clients needs we often put theirs before our own needs. We should not overlook our needs. We should focus on a strategy that will put our needs first, but at the same time look to take care of our clients continuing professional needs as part of an Exit Strategy.
Some of us are prepared, and have a plan in place of when and how we will "retire" from this work. We have determined that we will sell our business, or pass it on to a family member, or sell it to part of the management team we have in place. However, there are a lot of independent professionals that do not have family, staff or the connections to sell their practice.
As part of our service offerings we are now offering Exit Strategy Planning for accountants, bookkeepers, and tax preparers. This includes licensed and unlicensed professionals. Below is a few ways our services can help you with the process.
- Develop a Retirement Plan
- Develop a Successon Plan with a family member
- Develop an Emergency Plan in case of Death or Incapacity
- Begin to exercise a Strategy to EXIT within three years
- Consolidate Resources into our offices
- Pay a flat rate rent or Revenue Share to cover all operating and overhead expenses
- Maintain Independence while transitioning your clients to our firm within a three year time