Starting a CPA Practice
Starting your own CPA practice is a very realistic and attainable goal. However, starting a business of any kind can seem like an overwhelming endeavor for even a seasoned professional. Some of the basic things to consider in launching and running a business - such as building a business plan, knowing your financial requirements, identifying your necessary equipment and technological needs and how to price services - can pose a unique challenge for someone who wants to open and operate their own CPA practice.
To help the aspiring sole practitioner or small firm owner address some of these startup considerations (as they relate to a CPA practice) use this planning checklist and applicable resources which provide guidance through the startup process and give answers to the questions one might face in setting out on such an endeavor.
Management of an Accounting Practice (MAP) Handbook
This comprehensive resource will be invaluable as you begin your practice as it addresses a myriad of administrative and personnel topics. An online subscription is available. PCPS members receive a substantial discount.
US Small Business Administration Resource Center
The AICPA has joined the U.S. Small Business Administration (SBA), an independent agency of the federal government dedicated to helping Americans start, build and grow their small businesses. As you begin and develop your practice, use this center to assist you in navigating the valuable SBA library of tools and resources. And as a starting point, check out this video which explains the steps necessary to write a business plan and emphasizes the importance of this living document.