There are over 37,400 accounting businesses in Australia, according to IBIS World. The majority are small to medium enterprises (SMEs).

Each February, Australia Day sees the summer break come to an end and with school recommencing, Accountants that have been considering the year ahead start calling my office.

Accounting firms, known for their meticulous number-crunching skills, often find themselves embroiled in complex staffing issues when it comes to mergers and acquisitions.

As the year comes to an end, I thought this December Issue of The Deal could cover a recap of the year’s transactions

Malcolm had been working in his firm for over 20 years and business had plateaued. He wanted to expand but didn’t have the time, capacity, or resources.

A spate of mergers and acquisitions in the accounting industry shows the dynamics around consolidation have changed dramatically since the pandemic.

A spate of mergers and acquisitions in the accounting industry shows the dynamics around consolidation have changed dramatically since the pandemic.

In the dynamic world of business, growth strategies play a defining role in achieving long-term success.

TC & Co Consulting is a Sunshine Coast based accounting firm that Kev Ryan helped progress to the next level through a business sale process with the Gild Group.

Last month, I was fortunate enough to be invited to speak with the CPAs Sunshine Coast discussion group on the topic of Accounting Practice M&A.

Have you ever found yourself wondering “what’s next”?
“This is way harder than it used to be.”
“This isn’t my job is it?” …

It is with great pleasure I introduce www.Planner.forsale and our launch marquee Buy Side client Nick Reilly of Inovayt Wealth.

Kevin Scambler wanted a partner he could trust that would ultimately buy him out. Andrew Burness was looking to become more invested, building something that would advance his career.

A lawyer’s role is to protect the legal interests of their client. Schooled in spotting problems, and often risk averse themselves, lawyers naturally seek to minimise risks to their clients.

There are a lot of accounting industry participants who at some stage in their careers have either experienced or know a someone who has experienced, the good old dangling of the “Partnership” carrot.

Gary wanted to provide consistent outstanding service in his accounting business. This meant making strategic decisions about other interests consuming his time and energy.

When selling your accounting business, you really have only one job to do... get your clients to simply keep doing what they've always done, trust you!

Michael wanted a change in the direction of his firm and his lifestyle, but he didn’t know what that looked like.

Far too often we encounter firms that are growing via acquisition that haven't put enough thought into the operational impact that bringing on a new client base can have to the business.

Whilst the items to consider in this issue are tailored more towards Sole Practitioners, which in Australia represent the majority of the tax accounting industry.