643 449 Accounting Firms That Are For Sale RIGHT NOW [The latest data about accounting firm valuations]

🚀 Get smarter faster by learning with other firm owners: https://www.rlz.io/📩 Want a simple way to keep up with accounting firm and AI? I break it down every week in my newsletter: https://www.jasononfirms.com/newsletter☎️ Leave me a voicemail at (1)516-980-4968!📧 Email me! jason@jasononfirms.comIn this episode, I break down what the current market for accounting firms is telling us about valuation, including which firms are commanding higher multiples, why size alone does not appear to drive value, and what makes virtual and niche firms more attractive to buyers. I also highlight a bizarre new office gadget, discuss how accounting firms should evaluate their IT support for the AI era, and answer 📫 Mailbag questions about AI readiness, acquisitions, three-tier proposals for simple services, and whether firms should grow organically or through acquisition.💰 Today's SponsorsVerito: https://verito.com/jason?utm_campaign=42071442-Jason&utm_source=Podcast&utm_medium=Podcast&utm_content=show-notesSoraban: https://hubs.ly/Q04cNLF80MakersHub: https://makershub.com/get-started?utm_source=podcast&utm_medium=partner&utm_campaign=jasonstaatsCanopy: Go to https://www.getcanopy.com/jason and schedule a demo to see for yourself, and Canopy will send you a $75 gift card after your demoFinancial Cents: sign up at https://hubs.li/Q03mLr_x0 and use code Jason10 to receive 10% off the Team or Scale annual plan for firms with 2+ users.Karbon: https://karbonhq.com/?utm_source=podcast&utm_campaign=jason-staats📄 Grab the firm listing data set here https://docs.google.com/spreadsheets/d/1HHxl5KGG-3zApXRbpok8Hkacvn4vE6D_/edit?usp=sharing&ouid=101670352005046800441&rtpof=true&sd=true🪑 Butt cushion https://www.xpolar-tech.com/pages/xpolar-c1🎙️ The podcast episode with video advice https://youtu.be/xBitNWRIQeg?si=iDxnhxIlVWrMFHi9// Chapters:00:00 - Accounting Firm Valuations01:40 - 449 Firms for Sale02:30 - Typical Firm Size03:25 - Fractional Acquisitions03:50 - Size vs. Multiple04:45 - CPA Credentials05:35 - Premium Firm Characteristics06:40 - Where Firms Are Listed07:15 - Private Firm Sales08:35 - Reasons for Sale09:05 - Time on Market11:55 - Valuation Outliers13:25 - Premium Firm Examples15:00 - Highly Profitable Firms15:55 - The Coolest Office Gadget16:05 - X Polar C117:05 - 8 Sleep Comparison18:00 - Remote Workforce Monitoring21:34 - 📫 Mailbag21:59 - Choosing an AI-Savvy IT Provider22:29 - ChatGPT and Claude23:19 - AI Due Diligence27:00 - Getting Started With Video27:19 - Make 100 Videos28:14 - Reduce Production Friction28:39 - Invest in Lighting29:04 - AI Video Editing29:29 - Video as a Competitive Advantage30:14 - Organic Growth vs. Acquisition30:49 - Acquisition Efficiencies31:24 - Firm Size and Valuation31:44 - Industry vs. Geography32:14 - Avoiding Capacity Problems32:49 - AI and Diversification33:49 - Work Yourself Out of the Firm34:09 - Three-Tier 1040 Proposals34:19 - Pricing Simple Services35:29 - Premium Delivery Tiers36:29 - Better Than Doing More37:04 - Scoping Availability37:44 - Bronze Client Economics38:04 - Opinionated Proposal Design40:34 - Firm360 and Intake41:19 - Choosing the Right Workflow43:04 - Practice Management Options43:39 - Acquiring a Small Client Book44:09 - Building a Side Hustle Firm44:49 - Seller-Financed Acquisitions45:14 - Finding A Clients45:54 - Acquisition as a Launchpad46:19 - Evolving Your Client List47:24 - Closing Thoughts🗣️ Continue the discussion on social!X https://twitter.com/jasononfirmsLinkedIn https://www.linkedin.com/in/jstaats/YouTube https://www.youtube.com/@jasoncpa