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Apr 2020

Accounting Compliance firms valuation drops in the face of SME closures

By: Odyssey Outsourcing
Tags: Accounting Firms, Australian compliance, COVID19, systemisation, valuation

I was speaking to an accountant who has a business assisting accounting firms get their practices ready for sale, usually when they are retiring. He assists both buyers and sellers. Basically the premise of valuation of an accounting firm is a multiple of the annual revenue, with individual returns having a lower multiple than other “stickier” clients. There’s a lot …