Your CPA as a Transition Advisor

As Baby Boomers retire, succession planning is increasingly becoming a priority at companies throughout New Jersey and the United States. At the same time, as companies look for ways to reign-in expenses and increase economies of scale, many are opting for a merger-and-acquisition approach. Overall, CPAs can play critical roles in these transitions by creating transition plans, performing risk analysis, calculating a business’ value or determining tax consequences, for example.