Who's Really the BOSS?

The Evolution of Accounting Firm Deals


Listen Later

Attorney Sara Sharp shares her unique perspective on the evolving landscape of accounting firm ownership, compliance challenges, and acquisition trends. Drawing from her experience handling numerous accounting practice deals, she discusses creative alternatives to traditional partnership models, including phantom equity plans that align team member incentives without the complexities of direct ownership. The conversation explores common compliance pitfalls for modern firms with remote workers, the surge in accounting practice acquisitions by non-traditional buyers, and how younger firm owners are reshaping industry norms around work-life balance and profitability.

Connect with Sara:
https://www.skandslegal.com/sara-sharp
https://www.linkedin.com/in/sara-sharp-9a2a98b

Introducing Collective by DBA
https://collective.cpa
https://www.linkedin.com/company/collectivebydba

Learn More About Dillon Business Advisors
https://www.dillonadvisors.com
https://www.linkedin.com/company/dillonbusinessadvisors

Sign up to get free CPE for listening to this podcast
https://earmarkcpe.com

Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728

Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

  • (00:00) - Welcome to Who's Really the Boss
  • (00:42) - Sara Sharp's Background and Expertise
  • (04:21) - Best Advice Ever Received
  • (07:36) - Client Attorney Privilege and Compliance
  • (14:03) - Employee Handbook and PTO Policy
  • (19:12) - Ownership Alternatives and Phantom Equity
  • (23:45) - Valuation Challenges and Internal Loans
  • (24:52) - Incentivizing Key Team Members
  • (26:59) - Ownership and Leadership Dynamics
  • (29:27) - Current Deals and Busy Season
  • (31:17) - Trends in Business Acquisitions
  • (37:46) - Future of the Accounting Industry
  • (40:29) - Balancing Profit and Quality of Life
  • (45:46) - Final Thoughts and Wrap-Up
  • ...more
    View all episodesView all episodes
    Download on the App Store

    Who's Really the BOSS?By Marcus Dillon, Rachel Dillon

    • 4.6
    • 4.6
    • 4.6
    • 4.6
    • 4.6

    4.6

    11 ratings


    More shows like Who's Really the BOSS?

    View all
    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,731 Listeners

    Money Guy Show by Brian Preston and Bo Hanson

    Money Guy Show

    3,224 Listeners

    Accountant's Flight Plan by Brannon Poe; Poe Group Advisors

    Accountant's Flight Plan

    9 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    333 Listeners

    Business Strategy for CPA's by Geraldine Carter

    Business Strategy for CPA's

    45 Listeners

    Future Firm Accounting Podcast by Ryan Lazanis

    Future Firm Accounting Podcast

    27 Listeners

    The Unique CPA by Randy Crabtree, CPA

    The Unique CPA

    24 Listeners

    followHIM by Hank Smith & John Bytheway

    followHIM

    10,743 Listeners

    Tax Section Odyssey by AICPA & CIMA

    Tax Section Odyssey

    14 Listeners

    The Ambitious Bookkeeper Podcast by Serena Shoup, CPA

    The Ambitious Bookkeeper Podcast

    62 Listeners

    Oh My Fraud by Caleb Newquist

    Oh My Fraud

    140 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    917 Listeners

    Jason On Firms Podcast by Jason Staats

    Jason On Firms Podcast

    59 Listeners

    Federal Tax Updates by Roger Harris, EA and Annie Schwab, CPA

    Federal Tax Updates

    34 Listeners

    She Counts by Questian Telka, EA & Nancy McClelland, CPA

    She Counts

    15 Listeners