As we navigate through April, tax season is not only a busy time—it’s also a revealing one. New trends and shifts in the accounting profession are shaping how practices operate and what buyers and sellers should pay close attention to.
One notable trend is the continued push toward cloud-based solutions and automation. Firms that have embraced technology are operating more efficiently, offering year-round services, and becoming more attractive to buyers. Advisory services are also growing in demand, adding new revenue streams that can boost a firm’s value.
For sellers, now is the time to highlight these strengths. For buyers, look for firms that are future-ready—those with scalable systems, diverse offerings, and strong client relationships. Understanding where the industry is heading can help you make smarter, more strategic decisions.
At Private Practice Transitions, we stay on top of the trends so you can plan your next move with confidence.
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
FEATURED BLOG:
Dos and Don’ts for Transition and Succession Planning
Planning for your private practice’s future is a practical and emotional undertaking. A well-thought-out transition and succession plan is essential, whether you’re gearing up to retire, need a change due to unforeseen circumstances, or are simply ready to explore a new chapter of your life. You need this plan to protect your legacy and assets. This process is more than just a simple handover, of course. It’s about ensuring continuity of service, possibly retaining staff, and handing off a practice that remains profitable and respected. Following best practices and avoiding common mistakes saves time, stress, and money while setting up the successor for success. Keep reading to learn more in our blog, "Dos and Don’ts for Transition and Succession Planning."
Founded in 2020, this fully virtual business specializes in healthcare consulting and specialized data services—including data cleaning, custom platform development, and visualizations—for large corporations. Though based in Washington, the company operates virtually with staff across eight states. Over the past three (3) years, the Business has averaged gross revenue of approximately $7,798,993 (2022-2024). Including the Owners, the Business has twenty-six (26) loyal employees. The Business’s success is driven by its deep healthcare domain expertise and the leadership of its Owners, who have a combined 40 years of experience in technology and healthcare. The Owners want to continue their involvement in the business and work with the new owners to grow the business and/or provide long-term consulting assistance and help with goodwill transfer, business development, and other functions of the business for an agreed upon time. This is an exceptional opportunity for a buyer looking to acquire a well-established, tech-driven data services company with a strong reputation and loyal team. To take advantage of this exciting business opportunity, call us at 253.509.9224 or send an email to info@privatepracticetransitions.com with “1247 Thriving Virtual Data Services Business" in the subject line.
If you are interested in our April 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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