Welcome to the Family, “Coco” Wright

Best Practices for Small Business Finance

Small business finance is a term used to describe the broad range of activities related to managing money of a business.  Business owners (sometimes hereinafter referred to as “Owners“) should have at least a basic understanding of these concepts, as they are vitally important to the success (or failure) of a small business.  After all, cash is the most valuable resource of a small […]

Link: How to Value a CPA Firm for Sale

Journal of Accountancy
November 1, 2013

Published on November 1, 2013, this article provides guidance on valuing CPA firms and ownership interests in CPA firms.  The article was published by the Journal of Accountancy as part of their series on succession planning in the public accounting industry.

The authors identify four (4) factors that ultimately determine the multiple of billings used in figuring sales price, as follow:

  1. Cash Upfront, if any
  2. Retention Period (Length)
  3. Profitability (for the buyer based on deal structure), &
  4. Duration of the Payout Period

If you want to succeed, you should strike out on new paths rather than travel the worn paths of accepted success

John D. Rockefeller

My latest column for the “Financial Tip of the Month” was published in January 2017.  You can check out the online copy at this link.

Date: February 1, 2017
Appearance: Tax Season Update
Outlet: BIZ.Magazine
Location: Shreveport, LA
Format: Magazine

I was privileged to serve as a guest blogger of BIZ.Magazine on Wednesday, January 25, 2017.  Check out the post at link below:

Date: January 25, 2017
Appearance: Indicators Pointing to a Rally in Natural Gas
Outlet: BIZ.Magazine
Location: Shreveport, LA
Format: Magazine