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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

CPA Succession Planning (CPAS)

8-Hour Program

WHY ATTEND THIS COURSE?

The old paradigm for retiring from public practice no longer applies. CPAs are often working longer than before due to the economy and longer life expectancy. It is not enough to assume that there will be a next generation of eager, younger CPAs standing in line for the opportunity to take over your practice and (hopefully) fund your long-awaited retirement when and how you want. Careful planning is necessary in order to have a practice that has value and is an attractive investment, to identify the right successor for your clients, to provide an exit strategy that fits your personal goals, and to implement a long-term succession strategy that is practical for all parties. This course will explore the important aspects of retiring the way you want to retire.

DESIGNED FOR...

Practitioners whose clients include owners of closely held businesses. May also be suitable for public practice.

OBJECTIVE

Participants will be able to:

  • Identify the challenge
  • Implement strategies and allow for options and alternatives
  • Include trusted advisors
  • Incorporate proper financial planning with emotional needs
  • Set proper expectations for timing and economic realization

MAJOR SUBJECTS

  • Where and when do I start?
  • How to develop a succession plan for your practice
  • Looking at the different possible exit strategies
  • Balancing what you want with what you should reasonably expect

COURSE ACRONYM: CPAS

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Advanced

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes & Special Tax Matters

RECOMMENDED CPE CREDIT: 8 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.