As November rolls along and year-end quickly approaches, many firm owners are already deep into planning mode - reviewing numbers, wrapping up projects, and preparing for the close of another fiscal year. It’s a busy stretch, but also one of the most valuable times to take a step back and assess your firm’s financial health and strategic direction.
One simple but powerful step is to review your year-to-date financials now, not in January. Ensuring your books are clean and up to date allows you (and your clients) to make informed tax planning decisions: timing larger expenses, evaluating owner compensation, and confirming estimated tax payments are on track. A quick internal “mini-close” in November can prevent surprises at filing time and give you clearer visibility into profitability, partner distributions, and the true value of your firm.
If you’re considering a transition - whether that’s growth through acquisition, internal succession, or a full exit - having accurate, timely financials and a proactive tax strategy in place is a competitive advantage. Buyers, lenders, and advisors all rely on clean, well-organized numbers. The work you do now will pay dividends in both reduced stress and increased firm value later.
Wishing you a smooth year-end and a strong finish to the season.
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
DAD JOKE OF THE WEEK:
Did you hear about the scarecrow who won first prize?
It was outstanding in its field.
FEATURED BLOG:
How To Get Your Private Practice Ready To Sell
Successfully transitioning ownership of your accounting practice demands thoughtful planning and strategic foresight - not impulsive decisions. By approaching the sale process with diligence, you safeguard the reputation you've built and unlock the true market value of your firm. To position your practice for a seamless and advantageous transition, explore our comprehensive guide: “How To Get Your Private Practice Ready To Sell.” Discover actionable steps designed to help you prepare your business, attract qualified buyers, and achieve an outcome that honors your hard work and vision.
Established in 2011, this fully remote consulting firm delivers specialized services in finance, accounting, SEC reporting, governance, risk and compliance (GRC), and IT project management. The Firm’s service by revenue breakdown is as follows: 37% General Accounting, 34% SEC Reporting/Technical Accounting, 16% GRC, and 13% Project Management. As of October 2025, the Firm serves nine active clients with recent billings and maintains Master Service Agreements with an additional 12 clients—totaling 21 client relationships. From 2022 to 2024, the Firm averaged annual gross revenue of approximately $5.26 million, and 2025 YE projections are showing revenues of ~$5.6 million. The team includes 18 dedicated professionals, including the Owner. Known for its trusted name and long-term client relationships, this Firm offers an excellent opportunity for growth in the professional services space. The Owner is open to remaining in a leadership capacity for up to one year to support a smooth transition.
If you are interested in our November Featured Listing, email us and indicate the listing name and number in the subject line or call us at 253.509.9224.
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