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What It’s Worth: Accounting Firm Value

What It’s Worth: Accounting Firm Value

Revenue for accounting, tax preparation, bookkeeping, and payroll services in the U.S. increased by 9% in the first quarter of 2015 year-over-year and economic forecasts show that industry revenue will rise by an annual compounded rate of 6% between 2015 and 2019. Do rising revenues mean increasing value? Assigning value to accounting firms presents unique challenges. As professional practices, there are intangibles such as goodwill and covenants not to compete to consider, along with client mix, compensation and more.

BVR’s new What It’s Worth series starts out with Accounting Firm Value, which offers an in depth look at the value drivers in and the valuation of accounting firms. This report contains vital advice from industry experts for both firm owners and the appraisers who value them. These experts share their vast knowledge and best practices, which will bring readers up-to-date on the pressing issues and key drivers of practice value, along with data analysis that shows the latest benchmarks in accounting firm valuation.

Section I: Value Drivers and Valuation Considerations for Accounting Firms
Unique Factors that Drive Accounting Practice Value
Top Ten Issues to Consider When Valuing an Accounting Firm
‘Two-Legged’ Assets Drive Value in Professional Services Firm
Revenue Components Multiplier for an Accounting Practice: A Case Study
Document Request Checklist for Valuing an Accounting Practice
Common Errors in Valuing Professional Practices
Professional Practices: Approaches to Valuation and Goodwill Considerations
Valuing Covenants Not to Compete: An 11 Factor-Checklist
Section II: Selling an Accounting Practice and Succession Planning
How Are Accounting Practices Sold?
Succession Planning Builds Accounting Firm Value
Section III: Accounting Firm Value Benchmarking Data
Accounting Firm Valuation Multiples Based on Pratt’s Stats
Pricing an Accounting Practice--Rules of Thumb
Section IV: Accounting Firm Value and the Courts
Accounting Firm Valuations in the Courts: Four Mini-Case Studies
Case Digests
In re Marriage of Hanscam
Hill v. Hill
Scott v. Scott
Showell v. Pusey

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