Every four years, the AICPA’s Private Companies Practice Section (PCPS) works with the Succession Institute to survey practitioners and better understand succession challenges in CPA firms. One survey is exclusively for sole practitioners, or individuals with no staff, and sole proprietors, or single owners who employee administrative or professional staff, including CPAs. Here are the 2020 survey’s key takeaways for those practitioners.
A startling number of owners are planning to retire soon. That’s not too surprising, given the large volume