Abacus Business Advisors

Expanding Our Support to Bookkeepers! 📚🤝 We've recently had the opportunity to advise firms in the bookkeeping sector, and it’s been rewarding to see how our insights are helping this important part of the accounting industry. Lately, we’ve also been approached by several firms looking to connect with bookkeepers who may be considering selling their practices. If you’re a bookkeeper thinking about the an exit strategy or a firm interested in connecting with this network, we’re here to support these transitions. Feel free to reach out to explore the possibilities. 💬 #AccountingIndustry #Bookkeepers #BusinessSale #MarketTrends Chartered Accountants Australia and New Zealand CPA Australia Institute of Public Accountants Abacus Business Advisors

𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗶𝗻𝗴 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲? 𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗣𝗿𝗶𝗺𝗲. 🔥💼 If you’re thinking about selling your accounting practice, now could be an ideal time. There’s high demand across the country, with favourable terms making it a good moment to explore your options. Buyers are eager and willing to work closely with sellers to ensure a transition that ties in seamlessly with your exit strategy. 𝘞𝘩𝘦𝘵𝘩𝘦𝘳 𝘺𝘰𝘶’𝘳𝘦 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘴𝘦𝘭𝘭 𝘰𝘳 𝘫𝘶𝘴𝘵 𝘤𝘶𝘳𝘪𝘰𝘶𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵, 𝘪𝘵’𝘴 𝘸𝘰𝘳𝘵𝘩 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘯𝘦𝘹𝘵 𝘴𝘵𝘦𝘱𝘴 𝘸𝘪𝘵𝘩 Abacus Business Advisors. #AccountingFirms #BusinessSale #MarketTrends #Accountants #ExitStrategy Chartered Accountants Australia and New Zealand CPA Australia Institute of Public Accountants

Looking forward to spending the rest of the week in lovely Adelaide. Have some exciting meetings. #Accountants #SaleofPractices #ExitStrategy Abacus Business Advisors

𝗜𝗳 𝗮 𝗰𝗹𝗶𝗲𝗻𝘁 𝗳𝗿𝗼𝗺 𝘁𝘄𝗼 𝘆𝗲𝗮𝗿𝘀 𝗮𝗴𝗼 𝗰𝗮𝗹𝗹𝘀 𝘆𝗼𝘂 𝗼𝘂𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗹𝘂𝗲, 𝗧𝗛𝗘𝗡... 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘆𝗼𝘂’𝘃𝗲 𝗺𝗮𝗱𝗲 𝗮 𝗹𝗮𝘀𝘁𝗶𝗻𝗴 𝗶𝗺𝗽𝗮𝗰𝘁. 💡 It’s even more rewarding when that client is so appreciative that they offer to be a referee. There’s no better testament to the quality of our service and the relationships we build with our clients 🤝 . At Abacus, our focus is on ensuring every client feels supported long after they exit the industry 🛡 . #Accounting #Accountants #ClientRelationships #ExitStrategy #MergersAndAcquisitions Abacus Business Advisors CPA Australia Chartered Accountants Australia and New Zealand Institute of Public Accountants

🌟 New Blog Alert! 🌟 Our latest blog post, "What Buyers Look For", considers a common question from Accountants looking to retire over the next few years. When selling your Accounting practice, it’s important to find a Buyer who truly values what you've built. Buyers are often drawn to practices with loyal clients, steady financials, efficient operations, and a committed team At Abacus, we take the time to connect you with the right Buyer who aligns with your goals and ensures a smooth transition. Don’t miss out on this essential read! Click the link below to explore how you can understand what Buyers are looking for in a Practice. Read the full blog here- https://lnkd.in/enuZMTPF For personalised advice and support, get in touch with us today! #Timing #Retirement #ExitStrategy #Accounting Abacus Business Advisors Chartered Accountants Australia and New Zealand CPA Australia #IPA

📊 Survey Insights: Understanding Succession Planning Challenges in Accounting Firms 📊 This survey sheds light on the difficulties we face with succession planning in Accounting firms. Here’s what the data reveals: 🔹 Career Advancement: Out of the top seven reasons for choosing their employer, "Opportunities to advance their career" is ranked 6th for both Gen Z and Millennials. 🔹 Long-Term Commitment: Only 29% of Gen Z and 42% of Millennials intend to stay with their employer for more than five years. These statistics highlight significant challenges that Accounting firms must address to retain and develop the next generation of leaders. #AccountingFirms #SuccessionPlanning #GenZ #Millennials #EmployeeRetention Chartered Accountants Australia and New Zealand (CA ANZ) CPA Australia Institute of Public Accountants Abacus Business Advisors

𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲? 🏢💼 Making the decision to sell your accounting practice is a significant step, and ensuring a smooth transition is key to maximising the value of your firm. Here are three essential tips to help you navigate the process: 𝗦𝘁𝗮𝗿𝘁 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗘𝗮𝗿𝗹𝘆: The earlier you start preparing, the better positioned you'll be to address potential challenges and optimise your practice’s value. 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻d 𝘁𝗵𝗲 𝗟𝗶𝗸𝗲𝗹𝘆 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗶𝗻 𝗬𝗼𝘂𝗿 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲: Talk to Abacus Business Advisors to get an understanding of the market, including pricing and terms. This insight will assist you in setting realistic expectations for the sale. 𝗙𝗶𝗻𝗱 𝘁𝗵𝗲 𝗥𝗶𝗴𝗵𝘁 𝗕𝘂𝘆𝗲𝗿: It’s not just about the price. Look for a buyer who values your staff, aligns with your values, and can maintain the relationships you've built over the years. 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝘁𝗮𝗸𝗲 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝘀𝘁𝗲𝗽? 𝗟𝗲𝘁’𝘀 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝗵𝗼𝘄 𝘁𝗼 𝗺𝗮𝗸𝗲 𝘆𝗼𝘂𝗿 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗮 𝘀𝘂𝗰𝗰𝗲𝘀𝘀. #AccountingMergers #BusinessSale #PracticeValuation #ExitStrategy Chartered Accountants Australia and New Zealand (CA ANZ) CPA Australia Institute of Public Accountants

🎉 Congratulations, Jenny Harwood! 🎉 A big congratulations to jenny harwood from Harwood Chartered Accountants on the successful sale of her practice. It has been a pleasure working with you, and we wish you all the best in your next chapter with David Evers & Troy Marchant CA, GAICD from AdviceCo CA Pty Limited. We are confident that your expertise and the strong client relationships you’ve built over the years will greatly assist Advice Co in future. Your dedication and professionalism have truly set a high standard in the industry. #AccountingMergers #BusinessSale #SuccessStory #CAANZ Chartered Accountants Australia and New Zealand Abacus Business Advisors

The Life of an Accountant The average Accountant's schedule: ☑️ Calculate numbers. ☑️ Meet deadlines. ☑️ Attempt to find time to breathe. ☑️ Watch their social life vanish into thin air. Here’s to the Accountants who manage to fit 30 hours of work into a 24-hour day. If only balancing life were as easy as balancing the books! 😁 #AccountantLife #BusySeason #BalancingAct #AccountantHumour Chartered Accountants Australia and New Zealand (CA ANZ) CPA Australia Institute of Public Accountants