Online Seminar

Accounting Practice Transition Overview

Sep 20, 2022

Online

DATE

SEP 20

2022

TIME

1:00 PM - 5:00 PM

WHO CAN ATTEND

All

PD HOURS

4 Hours

ETHICS HOURS

0 Hours

STATUS

Registration open until

Sep 15, 2022

EVENT DESCRIPTION

CAREER STAGE: Mid

NOTE: This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

Learn how to buy or sell an accounting practice.

This CPA Ontario course is for CPAs who are looking to buy or sell an accounting practice. The seminar is designed to guide participants through the entire process of practice transition. Buyers will learn key markers of a successful practice, concerns of the seller and how to smoothly transition into the new role. Sellers will learn about developing transition plans, pitching their practice and purchase agreements.

Key topics such as technology, billable rates, types of clients and staffing will be explored. The course will consider current trends in the profession, and compare the differences between a merger and a direct sale. The valuation process, how to assess risks, and the use of earnouts will be covered, as well as taxation of a practice transition based on the sale of shares vs. the sale of assets. Finally, the seminar will summarize the ethics considerations of technology and communication with clients.

Polls and breakout rooms are used throughout the course to encourage discussion of the topics.

PREREQUISITE KNOWLEDGE

Participants should have a general knowledge of practice management. A minimum of three years public practice experience is recommended.

KEY TAKEAWAYS

  • Identify the key elements of a successful practice and current trends in the profession
  • Recognize the main drivers of practice valuation
  • Distinguish the risks inherent with the transition
  • Identify taxation issues and key issues regarding client retention
  • Review ethics considerations

WHO WILL BENEFIT

CPAs looking to buy or sell an accounting practice.​

PRICING

$163.00 Personal Passport

$190.00 Organization Passport

$261.00 Member

$261.00 Student

$317.00 Public

Status: Registration open until Sep 15, 2022

LOCATION

Online

SPEAKER(S) BIO

Dorin Mihalache, CPA, obtained his Chartered Accountant designation in 2008 and completed all three levels of the In-Depth Tax Course. Today, Dorin runs his own public practice, brokers practice transitions across Canada, and recently completed the second edition of his book Tax For Doctors.

SPECIAL INSTRUCTIONS

This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

Registration, cancellation, withdrawal and all other CPA Ontario Program policies can be found here.