Why I Sold My Accounting Practice

I started what was meant to be a small side hustle in 2019. It came on the heels of a beloved local tax preparer selling her practice to someone unqualified-someone who ultimately failed to meet their responsibilities and left the community scrambling as the tax deadline approached.

I saw the panic in a few Facebook posts and responded simply: “Sure, I can do your taxes.”

Demand was immediate and overwhelming. Without any real plan for growth, my business doubled in revenue year over year. I took on a wide range of clients, and before long, I had built a successful practice-one that had taken on a life of its own.

At the same time, I had another job that brought me joy, three kids, and a growing tax practice that I couldn’t realistically see myself operating long-term. I started thinking seriously about what it would take to walk away-and how that might feel. I also hadn’t yet used my lifetime capital gains exemption, so whatever I netted from a sale would be mine.

When I ran the numbers, the answer became clear: it would take at least five more years- five more busy seasons-to earn what I could take home by selling the practice today.

So I made the leap.

I sold the practice with the help of a practice sales firm. While I was happy with the outcome, the process itself left a lot to be desired. I often felt alone and uncertain throughout the journey.

That experience showed me there was a better way, and a real opportunity to support others in the same position.

Now, I want to help people navigate their own transitions with more clarity, confidence, and support than I had.

No matter where you are in your journey to potentially transition away from your practice, reach out! We are ready to help.