Selling fees up to £60,000 – a misconception

I recently had a phone call from an accountant who wanted to sell his fees. He was in his mid sixties and thought it was about time he did something about it. He had been to a seminar, run by his institute, who told him that there was not a ready market for fees of £60,000 or below. He started …

A misconception about bringing in a new partner to secure succession

In the last couple of months I have been asked a few times, by sole practitioners looking to retire, about the feasibility of taking on a new partner(s) who will eventually buy out the practice allowing them to retire. This all looks fine on paper but I would seriously warn against anyone doing this. I have heard horror stories where …