Although AI-generated content should never be considered the final authority particularly in a profession deeply rooted in accounting standards and regulation, it undeniably serves as a powerful tool to streamline tasks.

Assessing the value of an accounting or tax practice is a complex endeavor that depends on multiple factors. By understanding and leveraging these key factors, the value of the practice can be maximized, and the right buyers can be attracted for a successful sale.

Successfully navigating a merger requires strategic planning, industry expertise and partnerships. Small accounting firms that refine their market position, embrace technology and establish thought leadership can negotiate from a position of strength.