PracticeForSale.ca
CALL US TODAY
(403) 402-2679
  • July 2021

    Welcome to summer! We are so excited to enjoy the warmer weather. We were pretty busy in our tax practice catching up after personal tax season, I hope you were the same! We just finalized a sale of the practice and building. The bank was fine to finance the purchase of shares of the professional practice, but not as much the purchase of shares of the building co. Finally, the loan for the purc...

    » Read more...

  • March 2021

    Finally, spring is upon us and so is our favourite time of the year: the personal tax season! This won't be our usual monthly blog as things are ramping up quickly for ourselves and our fellow practitioners. Instead, we'd like to jump right into a Practice Tip: the 2020 online tax checklist. We are practice owners too and would like to give you the tools to be successful over the busy seas...

    » Read more...

  • February 2021

    It has been a chilly start to February here in Alberta. We hope you and your loved ones are staying warm. As we enter the busy season, practitioners are taking a step back from preparing their practices for transition. We anticipate a quiet few months at Practice For Sale, but we look forward to connecting with potential sellers again when things calm down in May. There is plenty to juggle ...

    » Read more...

  • January 2021

    Happy New Year to you and your family! 2020 was a year for the history books - we hope for better days ahead in 2021. Things have slowed down over the holiday season and will likely stay slow until the busy season has passed. There are very few practices on the market and it appears that the practitioners are not rushing to jump in the transition mode. We know of a couple of firms that have exp...

    » Read more...

  • December 2020

    Welcome to December! This year went by so fast, but will stay in our memory as the year with the never ending tax season! Over the past few weeks, we have seen quite a bit of traffic from accountants looking into a potential sale for their practice. We have a confirmed listing in Ontario and a couple others in the works. There are not too many practices available for sale, but at least we ended...

    » Read more...

  • November 2020

    Welcome to November! It continues to be warm here in Alberta and we hope it is the same in your area. Over the past few weeks, we have seen an increase in activity regarding practice transition with several phone calls from accountants looking to retire. We are working with them to have the listings up and running before the Christmas break. Currently we have a listing in Thunder Bay, Ontari...

    » Read more...

  • October 2020

    Happy Thanksgiving to you and your family! We hope you enjoyed a wonderful family dinner. Our mailing campaign was very successful. We got inquiries from across the country from both buyers and sellers. Practitioners are happy to connect and discuss with another CPA in public practice that can speak the same language and understand the problems specific to the industry.  We also have some v...

    » Read more...

  • September 2020

    As the fall settles in, most business are reopening. In general, accounting practices seem to be doing well, and most practitioners that I connected with are complaining of being too busy! How will this translate in terms of practice transition? We expect that some sellers who previously had concerns regarding the valuation of their practice, now realize the market is still hot. From a historic...

    » Read more...

  • August 2020

    Over the past few months, we have noticed a significant decrease in practice transitions. In talking to some practitioners that are ready to retire, the common theme was that they don't know what to do. The concern is that the sale will be done at discount due to the unknown effect of COVID on the future billings. With this being said, it appears to be a seller's market, as virtually no practice i...

    » Read more...

  • June 2020

    Summer has finally arrived. We hope you've had a good tax season! Though COVID-19 measures have recently slowed business, the extended filing deadline has given some practices the opportunity to boost their efficiency. We've heard that more and more firms are following the digital trend and moving their resources online. This is a good sign for any buyer, as the prospective practice is more fle...

    » Read more...

  • February 2020

    The tax season is around the corner, practitioners around the country are getting busy with their tax filings. We don't expect any accounting practices to be available for sale in the next few months. Other than advertising in the national and provincial CPA magazines, we are not planning any events until May. I wish all of you a wonderful tax season and I look forward to reconnecting with you soo...

    » Read more...

  • January 2020

    Happy New Year to all our fellow public practitioners! Starting this year, we will begin advertising in the national CPA magazine in Alberta and British Columbia respectively. This will increase our brand awareness and further expand our reach to the public practitioners across the country. Past Events On January the 16th, I co-presented with Melanie Russell, our Ontario Market Leader, a web...

    » Read more...

  • November 2019

    Although PracticeForSale went live at the beginning of the year, we had a slow start due to circumstances beyond our control. At the beginning of October we started a mailing campaign in Alberta followed by a LinkedIn campaign. Melanie Russell, B. Comm., CPA, CA, CBV, CIM, CFE, CFF, ABV has recently joined us as the Market Leader for the Ontario region. She has been active in teaching business...

    » Read more...