Excellent Resources for Tax Advice
In addition to using these sources for valuations, businesses also use regional accounting firms. CPAs would appear to be a good source, because they are already familiar with the business. In addition, their valuations are fairly inexpensive. Unfortunately most regional accounting firms are not active in mergers and acquisitions and not familiar with current valuation trends in the marketplace. As a result, CPA prepared valuations rarely reflect current values in the marketplace and are less than helpful to someone wanting to sell his business. Many accounting firms also lack proper qualifications and training to provide a complete and well researched valuation report. We receive frequent referrals from many regional accounting firms that are aware of their own limitations.