{"id":3137,"date":"2020-11-09T21:04:43","date_gmt":"2020-11-09T21:04:43","guid":{"rendered":"https:\/\/cpa-exchange.us\/?page_id=3137"},"modified":"2020-11-25T16:53:20","modified_gmt":"2020-11-25T16:53:20","slug":"faqs","status":"publish","type":"page","link":"https:\/\/cpa-exchange.us\/index.php\/faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"<p>[vc_section][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1604950102407{border-bottom-width: 20px !important;padding-top: 50px !important;padding-bottom: 50px !important;background-image: url(https:\/\/cpa-exchange.us\/wp-content\/uploads\/2020\/11\/Backdrop-Services.png?id=3032) !important;}&#8221;][vc_column width=&#8221;1\/4&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1604954173978{padding-bottom: 20px !important;}&#8221;]<\/p>\n<h1 style=\"text-align: center;\">FAQs<\/h1>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/4&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space][\/vc_column_inner][\/vc_row_inner][vc_column_text css=&#8221;.vc_custom_1606255926535{padding-top: 50px !important;}&#8221;]Have questions on how the <strong>CPA EXCHANGE<\/strong> works? Check out our Frequently Asked Questions for answers to your questions. If you have more detailed questions, please contact us at (702) 793-4555 or <a href=\"mailto:info@cpa.exchange\">info@cpa.exchange<\/a>.[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section][vc_row][vc_column][vc_custom_heading text=&#8221;Buy and Sell CPA Practices&#8221; use_theme_fonts=&#8221;yes&#8221;]<ul class=\"accordion accordion-1 accordion--oneopen \">\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"why-should-i-list-or-purchase-a-cpa-practice-on-the-cpa-exchange\">\n\t\t\t\t<span class=\"h5\">Why should I list or purchase a CPA Practice on the CPA EXCHANGE?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>When you list your CPA Practice on the CPA EXCHANGE, you are reaching more qualified Buyers than with traditional brokerage methods, giving you a better chance to receive the maximum value for your CPA Practice. If you purchase a CPA Practice, you have access to practices on the CPA EXCHANGE that might otherwise not be available for sale.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"are-there-any-costs-with-listing-a-cpa-practice-for-sale-on-the-cpa-exchange\">\n\t\t\t\t<span class=\"h5\">Are there any costs with listing a CPA Practice for sale on the CPA EXCHANGE?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>We do not charge to list your CPA Practice on the CPA EXCHANGE. There is a 8% Closing Fee on the Contract Sales Price once the sale closes, that the Buyer pays, or the Seller and the Buyer can negotiate and share the cost.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"who-can-see-my-listing-after-i-post-my-cpa-practice-for-sale\">\n\t\t\t\t<span class=\"h5\">Who can see my listing after I post my CPA Practice for sale?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Any member of the CPA EXCHANGE can see the general information of your Practice\u2019s listing. Your personal information and firm\u2019s name are only disclosed after you agree to their request for more information.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"after-i-accept-a-prospective-buyers-request-to-connect-to-my-cpa-practice-what-is-the-next-step\">\n\t\t\t\t<span class=\"h5\">After I accept a prospective buyer\u2019s request to connect to my CPA Practice, what is the next step?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>The Seller can accept or deny any prospective Buyers, no questions asked. Once accepting prospective buyer\u2019s request to connect, both parties are simultaneously introduced on the CPA EXCHANGE.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"what-happens-after-a-buyer-is-interested-in-negotiating-to-purchase-my-cpa-practice\">\n\t\t\t\t<span class=\"h5\">What happens after a buyer is interested in negotiating to purchase my CPA Practice?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>The Seller negotiates directly with the Buyer over the platform as you would under a traditional brokerage model. The sale of your CPA Practice is a major transaction and you should consult an outside attorney regarding the contractual obligations. Our CPA EXCHANGE Concierge will provide you with two free hours to assist you with your questions, such as, pricing a practice, negotiation tactics, and guiding you through the buying and selling process.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"what-if-my-cpa-practice-doesnt-sell\">\n\t\t\t\t<span class=\"h5\">What if my CPA Practice doesn\u2019t sell?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p><span>If your CPA Practice requires additional qualified and interested Buyers, we will use alternative methods, such as direct calls and emails to known parties to market your CPA Practice to the CPA community. While we strive to market to every CPA firm in the United States, we understand that there may be qualified Buyers who are not currently members of the CPA EXCHANGE.<\/span><\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"how-long-does-my-listing-stay-on-the-cpa-exchange\">\n\t\t\t\t<span class=\"h5\">How long does my listing stay on the CPA EXCHANGE?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p><span>Your listing remains on the CPA EXCHANGE for one year. After this time, we will contact additional Buyers using different alternative methods. Please keep your listing current with all relevant information to make your Practice attractive to Buyers.<\/span><\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t<\/ul>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Buy and Sell CPA Clients&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1606172951530{padding-top: 35px !important;}&#8221;]<ul class=\"accordion accordion-1 accordion--oneopen \">\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"how-does-selling-a-client-work\">\n\t\t\t\t<span class=\"h5\">How does selling a Client work?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>The CPA EXCHANGE understands that there are Clients that no longer match the firm\u2019s client profile. We provide a platform where you can market these Clients individually or as a segment of similar clients, allowing your firm to move forward in a new direction. This is the core of Transforming Your CPA Practice.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"how-do-i-sell-a-client\">\n\t\t\t\t<span class=\"h5\">How do I sell a Client?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>The best way to start is to do an honest assessment of your Clients and to rate them against the success factors you want your firm to focus on. Then, list the Clients that no longer fit your profile for sale on the CPA EXCHANGE.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"what-are-the-costs-involved-with-listing-a-client-for-sale-on-the-cpa-exchange\">\n\t\t\t\t<span class=\"h5\">What are the costs involved with listing a Client for sale on the CPA EXCHANGE?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>We do not charge to list your Client on the CPA EXCHANGE. There is a 5% Closing Fee on the Contract Sales Price once the sale closes, that the Buyer pays, or the Seller and the Buyer can negotiate and share the cost.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"when-do-i-tell-the-client-they-are-no-longer-a-fit-for-my-cpa-practice\">\n\t\t\t\t<span class=\"h5\">When do I tell the Client they are no longer a fit for my CPA Practice?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Every CPA Firm has Clients that may be very good fit for another CPA Firm. The CPA EXCHANGE allows you to recognize value on the disposition of those Clients. Once a prospective Buyer shows interest in that Client and negotiations are underway, it is time to let the Client know that you found a better CPA Firm to meet their needs. Our CPA Firm Consulting Services can help you decide which Clients to list for Sale and assist with any related issues.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"how-do-i-structure-the-sale-price-for-a-client-with-the-buyer\">\n\t\t\t\t<span class=\"h5\">How do I structure the sale price for a Client with the Buyer?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Generally, a Client is worth about one-times the annual revenue generated by that Client. You will need a clause to include an unsuccessful transition to the Buyer. Every Client needs a CPA firm, and your recommendation holds more weight than leaving them on their own to find a new CPA firm.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"what-if-i-have-several-clients-that-i-want-to-sell-in-the-same-practice-area\">\n\t\t\t\t<span class=\"h5\">What if I have several Clients that I want to sell in the same practice area?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Each Client needs to be listed separately on the CPA EXCHANGE. However, please let a prospective buyer know that other similar Clients are available. This is an excellent way to exit or enter a specific practice area based on the current goals for your CPA firm.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t<\/ul>[\/vc_column][\/vc_row][vc_row][vc_column]<ul class=\"accordion accordion-2 \"><\/ul>[\/vc_column][vc_column][vc_custom_heading text=&#8221;Find and Post CPA Jobs&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1606172978860{padding-top: 35px !important;}&#8221;]<ul class=\"accordion accordion-1 accordion--oneopen \">\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"what-is-special-about-using-the-cpa-exchange-to-find-cpa-professionals\">\n\t\t\t\t<span class=\"h5\">What is special about using the CPA EXCHANGE to find CPA professionals?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>The CPA EXCHANGE is the only portal where every candidate you will see is a CPA, saving you valuable time sifting through non-qualified candidates on other websites.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"are-there-any-costs-involved-with-hiring-a-candidate-i-find-on-the-cpa-exchange\">\n\t\t\t\t<span class=\"h5\">Are there any costs involved with hiring a candidate I find on the CPA EXCHANGE?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>There are no costs associated with hiring or posting a job on the CPA EXCHANGE, saving you tens of thousands of dollars in placement fees to traditional search firms.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"what-if-i-want-to-find-a-cpa-for-contract-labor-for-a-specific-engagement\">\n\t\t\t\t<span class=\"h5\">What if I want to find a CPA for Contract Labor for a specific engagement?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>The CPA EXCHANGE believes a strong market exists for leveraging talent for specific-skilled engagements. Easily find CPA Contract Labor in the practice area you require, and if the engagement can be performed remotely, you have the entire U.S. to search for a CPA who meets your specifications.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"i-work-in-hr-for-a-cpa-firm-but-i-am-not-a-cpa-myself-how-can-i-access-the-cpa-exchange-database-to-search-for-employees\">\n\t\t\t\t<span class=\"h5\">I work in HR for a CPA firm but I am not a CPA myself. How can I access the CPA EXCHANGE database to search for employees?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Please ask one of the CPAs in your Firm to become a member of the CPA EXCHANGE.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"i-work-for-a-large-company-and-we-are-looking-to-hire-accounting-professionals-how-can-i-access-the-cpa-exchange-database-to-search-for-employees\">\n\t\t\t\t<span class=\"h5\">I work for a large company and we are looking to hire accounting professionals. How can I access the CPA EXCHANGE database to search for employees?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Please ask one of your CPA Controllers or your CFO to become a member of the CPA EXCHANGE.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t<\/ul>[\/vc_column][vc_column]<ul class=\"accordion accordion-2 \"><\/ul>[\/vc_column][vc_column][\/vc_column][\/vc_row][vc_row][vc_column]<ul class=\"accordion accordion-2 \"><\/ul>[\/vc_column][vc_column][vc_custom_heading text=&#8221;Our Consulting Services&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1606173001589{padding-top: 35px !important;}&#8221;]<ul class=\"accordion accordion-1 accordion--oneopen \">\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"how-can-the-cpa-exchange-consulting-services-help-me-sell-my-cpa-practice\">\n\t\t\t\t<span class=\"h5\">How can the CPA EXCHANGE Consulting Services help me Sell my CPA Practice?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>After you list your CPA Practice for sale on the CPA EXCHANGE, we can help you with issues such as setting the sales price for your Practice and coordinating details with potential Buyers.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"how-can-the-cpa-exchange-consulting-services-help-me-transform-grow-and-transition-my-cpa-firm\">\n\t\t\t\t<span class=\"h5\">How can the CPA EXCHANGE Consulting Services help me Transform, Grow and Transition my CPA firm?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>We begin with a Qualitative Initial Assessment of your CPA firm to understand of both you and your stakeholder\u2019s business and personal goals and aspirations. Then we structure an actionable strategic plan with set timelines and goals, customized to your CPA firm.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"i-am-interested-in-selling-specific-clients-how-can-the-cpa-exchange-consulting-services-help\">\n\t\t\t\t<span class=\"h5\">I am interested in selling specific Clients. How can the CPA EXCHANGE Consulting Services help?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>The CPA EXCHANGE can help you identify and price the Clients you need to list for sale as part of your strategic plan to Transform, Grow and Transition your CPA firm.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"who-will-perform-our-cpa-exchange-consulting-services-engagement\">\n\t\t\t\t<span class=\"h5\">Who will perform our CPA EXCHANGE Consulting Services Engagement?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Our CPA Firm Consultants, all members of the CPA EXCHANGE, are experienced and entrepreneurial public accounting practitioners who Transformed, Grown, and Transitioned their own practices over their careers.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t\n\t\t<li class=\"\">\n\t\t\t<div class=\"accordion__title\" id=\"what-are-the-costs-involved-with-using-your-cpa-exchange-consulting-services\">\n\t\t\t\t<span class=\"h5\">What are the costs involved with using your CPA EXCHANGE Consulting Services?<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"accordion__content\">\n\t\t\t\t<p>Once you list your CPA Practice or Clients for sale on the CPA EXCHANGE, we will call you to discuss details, such as price-setting, dealing with potential buyers, and to get to know your overall objectives.\u00a0 There is no charge for this service.<\/p>\n<p>For formal consulting CPA Firm Consulting Services engagements, our standard rate is $350 per hour, plus out of pocket costs as agreed-upon, with an option for fixed-price engagements. We are available to visit your office for one or two-day comprehensive consultations.<\/p>\n<p>Our Initial Assessment and Report is a flat rate of $1,500.<\/p>\n<p>Each CPA Firm Consulting Engagements is unique. Please contact us to discuss your specific situation.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/li>\n\t<\/ul>[\/vc_column][vc_column]<ul class=\"accordion accordion-2 \"><\/ul>[\/vc_column][vc_column][\/vc_column][\/vc_row][\/vc_section][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1606323162922{padding-top: 30px !important;padding-bottom: 30px !important;background-color: #e7f4f8 !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;3374&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1604955936308{padding-bottom: 20px !important;}&#8221;]<strong>CPA EXCHANGE Members Can:<\/strong><\/p>\n<ul>\n<li>Build virtual relationships with other CPAs across the United States<\/li>\n<li>Market and sell your CPA practice to qualified buyers and monetize your client list<\/li>\n<li>Buy CPA practices and clients to grow your enterprise<\/li>\n<li>Access professional, virtual CPA resources<\/li>\n<li>Leverage our consulting services to transform your firm<\/li>\n<li>Harness technology to put the accounting industry at your fingertips<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_btn title=&#8221;JOIN TODAY!&#8221; color=&#8221;success&#8221; i_align=&#8221;right&#8221; i_icon_fontawesome=&#8221;fa fa-arrow-right&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:https%3A%2F%2Fcpa.exchange%2F%23||target:%20_blank|&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_section][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1604950102407{border-bottom-width: 20px !important;padding-top: 50px !important;padding-bottom: 50px !important;background-image: url(https:\/\/cpa-exchange.us\/wp-content\/uploads\/2020\/11\/Backdrop-Services.png?id=3032) !important;}&#8221;][vc_column width=&#8221;1\/4&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1604954173978{padding-bottom: 20px !important;}&#8221;] FAQs [\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/4&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space][\/vc_column_inner][\/vc_row_inner][vc_column_text css=&#8221;.vc_custom_1606255926535{padding-top: 50px !important;}&#8221;]Have&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/pages\/3137"}],"collection":[{"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/comments?post=3137"}],"version-history":[{"count":20,"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/pages\/3137\/revisions"}],"predecessor-version":[{"id":3388,"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/pages\/3137\/revisions\/3388"}],"wp:attachment":[{"href":"https:\/\/cpa-exchange.us\/index.php\/wp-json\/wp\/v2\/media?parent=3137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}