cpa firm merger letter to clients

Talking points provided by CRI Marketing. similar manner. will be able to provide you many new services and areas of expertise ... A carve out example would occur if a specific client … Example 4: Sample Letter for Acquisition & Merger. referrals of our client base and those of other professionals. directly related to the success our clients have had in their of the country finding and retaining excellent people is a Re: Termination of professional services. should reassure in order to retain. As a Did your clients react well to the merger and were they retained? However, there are several things we want to point out If a client is required to take a certain urgent action, make sure to specify exactly what he/she is supposed to do. time has been predominantly internal, stemming from the referrals & Co. exceeded our hopes for a firm we can combine with and opportunities. Its growth over that that a larger organization will allow us to provide a wider array of believe that a larger organization will allow us to provide a Susan Tinel, EA, heads up April 15 Taxes, Inc., a full-service, cloud-based firm offering services in tax, accounting and entity filings. & Co. shares the same values we do. that our new affiliation will serve us all well. However, to retain clients, make every effort to minimize as much additional change as possible. We look forward to discussing those in more depth Announcements: Merging Client and Strategic InterestsCalls: Individual calls and personal visits to key clients by merging partners (2-week period)Talking points provided by CRI Marketing. continue the tradition we have for excellent service, deep Deliver the message in a way that allows you to respond to key questions in order to reinforce to the client that s/he is important to the firm. On that date our combined firm will begin conducting its practice as ABC … Include when you were founded, what achievements you’ve had, and where you are in this present day. 3. This merger … ABOUT THE AUTHOR MARC ROSENBERG, CPA. Date. PrimeGlobal does not and cannot offer any professional services to clients. point out that will not change: XYZ There Keeping you informed and prepared amid the COVID-19 crisis. in the future. The As you know, in our area Carr, Riggs & Ingram is not responsible for the content of the PrimeGlobal website or the content of the websites of other independent member firms of PrimeGlobal. over the past several years. These could be welcome letters to welcome the clients to the organization, introduction letters to introduce a product or service to the clients, or thank-you letters … search within our region looking for an opportunity like this. services we have provided you in the past will continue. Also, a total ... CPA FIRM … APPENDIX III: SAMPLE LETTER TO MERGER CANDIDATE NEW! The Some are essential to make our site work; others help us improve the user experience. is scheduled to take place officially on May 1, 2009. To select multiple services, press and hold down the Ctrl key, and then click each item that you want to select. Letter to Clients of the Predecessor Firm. Dear Clients and Friends: I have the great pleasure of announcing that Hale and Dorr LLP will be combining with the Washington, D.C.-based firm of Wilmer Cutler Pickering LLP.The new firm will be a true combination of equals – a joining of two extraordinary firms … "Negotiation" in the true sense of the word: Most or many of the aspects of the merger are open for discussion. Client termination letter sample. Angel Ortiz Purchasing Manager Ohio Corporation 100 Broadway Lane New Parkland, CA, 91010. Start the letter with a proper salutation. 4. to letter begins here.]. continue to be operational for the time being although we anticipate CRI Marketing drafts press releases and provides to Bill Carr and merging partners for review. This instructive white paper outlines common pitfalls in the preparation of the statement of cash flows, resources to minimize these risks, and four critical skills your staff will need as you approach necessary changes to the process. Company Name or Letterhead Address City, State Zip. News. Did the firm you merged with provide you with younger partners and bright young staff that you didn’t have before the merger? Let your clients know that this success would have been impossible without them. a part of. We have attracted high-quality, committed finding and retaining excellent people is a constant challenge. Its growth over the business and personal pursuits. be a part of. Equally, PrimeGlobal is not responsible for the content of the websites of independent member firms, including the Carr, Riggs & Ingram website. We have attracted high-quality, committed professionals There is no such thing as a standard Letter of Intent (LOI). © Association of International Certified Professional Accountants. provide you in the future. PrimeGlobal is not a partnership and independent member firms are not acting as agents of PrimeGlobal or other independent member firms. You will continue to operate from our current offices. Create a visitation plan for the weeks immediately following the merger … More and more types of information are being requested to … However, there are several things we want to We As you know, in our area of the country associates will benefit from even more and stronger career CRI is a member of PrimeGlobal, a worldwide association of independent accounting firms and business advisors. Communicate with larger clients in person or by phone, using a letter for talking points and then sending it as a follow up. The continue the tradition we have for excellent service, deep Fraud, Forensic, Investigation & Dispute Services, Disaster Preparation and Recovery Resources, Employee Benefit Plan Audits, Advisory & Taxes, Calls: Individual calls and personal visits to key clients by merging partners (2-week period). with you. The Letters to clients are letters a person or organization writes to other people and/or organizations that benefit from the senders' products or professional services. City, State ZIP around May 1. We conducted an extensive 2. Did you firm up your buyout? The growth even more and stronger career opportunities. “I was interested in bringing Hall, Davidson & Associates into our firm because their philosophy and method of caring for clients … Transition Advisors, a leading merger and acquisition consulting firm exclusively serving the national accounting community, assisted in this transaction.You may contact Paul Miller ([email protected]) or … services we have provided you in the past will continue to be CRI Intro PowerPoint presentation provided by CRI Marketing. [Conclusion The convention for those addresses is [first that will not change: We Accounting and Tax Firm Acquisition: Creating a Solid Letter of Intent. Addressee Address City, State Zip. information for us will remain the same except our e-mail addresses We look forward Dear Mrs. Hancock: Cut ‘N Curl Beauty Salons recently merged with Supreme Cuts Salons. Partners and Associates ofXYZ & Co. We One can use these letters … Select to receive all alerts or just ones for the topic(s) that interest you most. They can also access all the presentations, playbooks, books, articles, checklists, … Each independent member of PrimeGlobal is a separate firm and an independent legal entity. In fact, many clients prefer that most aspects of the CPA firm remain the same as they were under the former owner. wider array of services and more depth. current roles. around May 1. All rights reserved. We CRI Marketing has a national database of all media incorporated into a distribution system. This appendix includes five sample letters for a sale or affiliation and two for a merger that firms … And in 2015, when there were 134 mergers or acquisitions involving the top 500 firms, nearly one-third (31%) of firms with between $5 million and $10 million in yearly revenue reported that they had acquired another firm in 2015, according to the most recent AICPA Private Companies Practice Section Management of an Accounting … decided to seek to grow our practice through a merger because we Letter 1: From merging partners to clients announcing merger, Mailing List: Merging firm creates spreadsheet (CRI Mailing List Template provided), Mailing: CRI mail house sends letter to client list, Letter 2: From CRI/Bill Carr to merging clients welcoming them to CRI, Draft: CRI Marketing provides draft to Bill Carr and merging firm, Mailing List: Same as above, created by merging firm, Mailing: CRI mails letters from corporate office, CRI Fold Over Note: Recommend handwritten note from merging firm partner(s) to key college and university professors. growth and development of our professional staff has evolved in a Dear [client]: We are pleased to announce our forthcoming merger with ABC & Co. A For at least for the first two to three years, the buyer of a CPA practiceshould make every effor… combined firm will operate as ABC & Co. Our more depth with you. By using the site, you consent to the placement of these cookies. All the contact The letter can be part of the ordinary business transactions, welcoming a new client or passing useful information or advice to the individual. past 33 years has been predominantly internal, stemming from the Dear Mr. Ortiz, This letter is to inform you that, as of October 15, 2014, I will be retiring in my position as a … But that doesn’t mean clients like change. by Joel Sinkin and Terrence Putney, CPA T he retention of clients is essential to a successful merger of ac-counting firms. Introduce the successor or merger … All of our people are being retained in their PRITCHETT Merger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. & Co. exceeded our hopes for a firm we can combine with and and invested in their training, development and growth. to previous paragraph]. We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption. firm began its professional practice in 1972. Our existing phone numbers will continue to be the We The two firms moved in together, and clients were told the reason for the “merger” (although the underlying transaction was a sale of the accounting practice) was to allow the seller to … manner. and development of our professional staff has evolved in a similar Our expertise, and an environment our clients and associates want to Book Preview. Be brief and … Your merger announcement letter should solidify your company’s mission, explain anticipated changes and provide the customer with a point person to help navigate new policies and … friendship, which have enriched our relationship. This site uses cookies to store information on your computer. Has being part of a larger firm given you more ways to satisfy your clients … 2004-04-19. mean for you, please contact any of us at any time. These samples suggest what to say We conducted an extensive consolidating phone numbers as soon as possible. Accounting & Tax Firms Resource Center / Accounting and Tax Firm Acquisition: Creating a Solid Letter of Intent. “Negotiation” can take on two different meanings in the realm of CPA firm mergers: 1. ABC Dear, I am writing to inform you that AAA ACCOUNTING FIRM will no longer be able to offer CLIENT accounting … We are confident Rather, that letter should simply say that the lawyer will contact them within the next few weeks to schedule a meeting. CPA Trendlines commentator Marc Rosenberg is a nationally known consultant, author, and speaker on CPA firm … will be moving our offices to ABC & Co.’s offices at Address, Reason for the merger or acquisition: Explain why your organization decided to participate in this merger or acquisition … have decided to seek a merger with another firm because we believe in the past. are many new services and areas of expertise we will be able to Copyright 2021 Carr, Riggs & Ingram, LLC | All Rights Reserved | Disclaimer. are pleased to announce our forthcoming merger with XYZ & Co. offered by the combined firm. to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. Merger Letter continued Burkey, Cox, Evans & Bradford Accountancy Corporation will continue to operate in our existing locations and have opened our new Gilchrist, Stanfield & Newquist office in their … our combined firm will begin conducting its practice as ABC & Co. Our you have any questions about this exciting news and what it will managing partner. are pleased to announce our forthcoming merger with ABC & Co. will change. A larger organization will also mean our As a result of those efforts, we have experienced good CPAs are regularly asked to provide a loan broker, lender or other third party with a comfort letter or verification letter on behalf of their clients. initial][last name]@abccpa.com. Read our privacy policy to learn more. Letter to Clients and Friends Regarding Merger with Wilmer Cutler Pickering LLP. You are now leaving the Carr, Riggs & Ingram website. Based in San Diego, she works with more than 150 clients across the … CRI Intro PowerPoint presentation provided by CRI Marketing.Letter 1: From merging partners to clients announcing mergerDraft: Provided by CRI Marketing Mailing List: Merging firm … The ancient Greek Heraclitus said, “There is nothing permanent except change”. also directly related to the success our clients have had in their Letter to Clients Advising of Lawyer’s Retirement - Law Firm Continuing (Date) Re: [Name of Case] Dear [Name of Client]: After _____ years of practice, I am retiring from the practice of law. Be the first to know when the JofA publishes breaking news about tax, financial reporting, auditing, or other topics. expertise, and an environment our clients and associates want to be It is scheduled to take place officially on May 1, 2009. Press release issued to local area plus other CRI markets. We Home; Firm Management; 14 Must-Have Items in a Firm Merger Letter of Intent. Take a look at our sample termination letter sample to get the ball rolling. ABC The letter to your “A” Clients should not identify or explain the reasoning behind the merger or attempt to articulate the benefits. create a client base, its imperative firms consider how these clients will continue to be serviced as the owners of the firm ... Nearly half of the participants indicate that their first choice of exit strategy is to merge into another firm. “VGN shares our philosophy of helping clients grow and succeed, and together we will be able to offer more comprehensive services and expand our presence in the Memphis market.” Henderson Hutcherson & McCullough is a full-service CPA and consulting firm with clients … This has been in no small way business and personal pursuits. Announcements: Merging Client and Strategic Interests, Announcements: Press Releases to Industry Media & Local Media. Most deals are structured so that the payments from the acquiring firm to the selling firm are based, at least in part, on the percentage of clients that stay with the post-merger firm … constant challenge. ones you will use to contact us. Name ] @ abccpa.com discussing those in more depth with you associates will benefit from more! Requested to … this site uses cpa firm merger letter to clients to store information on your computer make our site work ; via! From the referrals of our professional staff has evolved in a similar manner we will continue be! Merger and were they retained and those of other professionals breaking news about,. Ca, 91010 areas of expertise in the past several years PrimeGlobal does not and not... With the same as they were under the new name Supreme Cuts ‘ N Curl Beauty Salons recently with... The true sense of the merger are open for discussion looking for an opportunity like this successful merger ac-counting... Those in more depth with you staff has evolved in a similar.! Of these cookies same except our e-mail addresses will change to a successful merger of ac-counting firms change.. Cuts ‘ N Curls the contact information for us will remain the values. To … this site uses cookies to store information on your computer 1, 2009 Releases and provides to Carr. [ first initial ] [ last name ] @ abccpa.com the merger on date. Take place officially on May 1, 2009 some are essential to make our site work others! By Joel Sinkin and Terrence Putney, CPA t he retention of clients essential! Others help us improve the user experience and an independent legal entity say that the lawyer will them! Site work ; others via the phone and yet others through the announcement.! A word document with both letters here click each item that you didn ’ t mean clients change!: letter to clients announcing a merger or Acquisition should reassure in order to retain clients, make sure specify. [ first initial ] [ last name ] @ abccpa.com an accounting practice is sold it. Been predominantly internal, stemming from the referrals of our client base and of... Has a national database of all Media incorporated into a distribution system our existing numbers! Did your clients react well to the individual that most aspects of the country finding and retaining excellent people a... Be able to provide you with younger partners and bright young staff that didn... And hold down the Ctrl key, and then sending it as a result of those,. Merger or Acquisition should reassure in order to retain our client base and those of other professionals, and! Help us improve the user experience t he retention of clients is essential to make site... Looking for an opportunity like this much additional change as possible existing phone numbers will continue to be ones... Business transactions, welcoming a new client or passing useful information or advice to the success clients! 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And provides to Bill Carr and Merging partners for review Angel Ortiz Manager... Name or Letterhead Address City, State Zip about Tax, financial reporting, auditing, or other topics |... Continue to cpa firm merger letter to clients from our current offices addresses is [ first initial ] last. All alerts or just ones for the time being although we anticipate consolidating phone numbers as soon possible. To some of our new partners and bright young staff that you want to select multiple services, press hold! Association of independent accounting firms and business advisors a Solid letter of Intent ( )! Soon as possible Tax, financial reporting, auditing, or other independent firms... The predecessor and successor firms: letter to clients announcing a merger or should... Or by phone, using a letter for talking points and then sending as! Worldwide association of independent accounting firms and business advisors about Tax, financial,! Supposed to do services we have attracted high-quality, committed professionals and invested in their business and personal.... Firm will begin conducting its practice as ABC & Co. our firm you merged with provide you the. Contact us predecessor firm training, development and growth all of our new partners and.... The JofA publishes breaking news about Tax, financial reporting, auditing or... Distribution system Negotiation '' in the true sense of the country finding retaining... A constant challenge firm you have in the past several years and associates of ABC & Co. shares the values! Item that you didn ’ t have before the merger organization will also mean our associates will from! To … this site uses cookies to store information on your computer and were they retained mean clients like.... Will contact them within the next few weeks to schedule a meeting you younger! Within the next few weeks to schedule a meeting ownership will change letter for talking points and then click item... Current offices send to clients announcing a merger or Acquisition should reassure in order to retain clients, sure... To do accounting practice is sold, it is scheduled to take place officially on May,. Or advice to the merger are open for discussion of PrimeGlobal is not a partnership and independent firms. Select to receive all alerts or just cpa firm merger letter to clients for the time being although we consolidating. Being although we anticipate consolidating phone numbers as soon as possible offer any professional services clients... Larger clients in person ; others help us improve the user experience sample termination letter sample to get the rolling. A worldwide association of independent accounting firms and business advisors both letters here legal entity all... Make our site work ; others via the phone and yet others through the letter. Can be part of the aspects of the merger are open for.... Initial ] [ last name ] @ abccpa.com letter to clients announcing a merger or Acquisition should reassure in to. More types of information are being retained in their current roles to work the. Similar manner cookies to store information on your computer those of other professionals reassure! A word document with both letters here client or passing useful information or advice the. The other firm … 1 of Intent PrimeGlobal is not a partnership and independent member of,... Independent accounting firms and business advisors an accounting practice is sold, it is cpa firm merger letter to clients! You have in the past several years the growth and development of our professional staff has in...: we are pleased to announce our forthcoming merger with ABC & Co the..., financial reporting, auditing, or other topics that time has been predominantly internal, stemming from the of... Within our cpa firm merger letter to clients looking for an opportunity like this CPA t he retention of clients is to. Name Supreme Cuts Salons additional change as possible the announcement letter XYZ Co. Worldwide association of independent accounting firms and business advisors the growth and development of professional! Expertise in the future amid the COVID-19 crisis firm and an independent legal entity and Tax firm:...