{"id":13583,"date":"2018-09-21T08:00:41","date_gmt":"2018-09-21T13:00:41","guid":{"rendered":"http:\/\/taxprocenter.proconnect.intuit.com\/?p=13583"},"modified":"2024-08-14T09:49:36","modified_gmt":"2024-08-14T14:49:36","slug":"how-cloud-based-operations-can-ease-succession-tax-accounting-practice","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/","title":{"rendered":"How cloud-based operations can ease succession"},"content":{"rendered":"<p>So, you are a small accounting firm with most of your revenues coming from tax compliance. If you are like most of us, you are also getting older and a little frazzled by <a href=\"https:\/\/proconnect.intuit.com\/tax-reform\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wa-link=\"body_taxreform\">tax law changes<\/a>, demanding clients and the allure of retirement. Do you currently operate in the cloud? Okay, it\u2019s a trick question; many accountants are in the cloud to some degree. The real questions should be:<\/p>\n<ul>\n<li>Do you conduct your core operations through the cloud?<\/li>\n<li>Are you using a cloud platform to run your accounting, tax preparation, document management, practice management and contact software systems?<\/li>\n<li>Are these systems cloud based, or are they living in a server closet down the hall?<\/li>\n<\/ul>\n<p>By this time, you have probably heard many of the reasons your tax and accounting practice should be in the <a href=\"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/5-unexpected-benefits-of-moving-your-tax-firm-to-the-cloud\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wa-link=\"body_tpc-unexpectedCloudBenefits\">cloud<\/a>. You\u2019ve heard that the cloud offers flexibility, <a href=\"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/cloud-vs-desktop-what-does-the-choice-mean-for-security\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wa-link=\"body_tpc-cloudvDeskSec\">data security<\/a>, scalability and lower costs. But did you ever consider another golden reason, the monetization of your goodwill?<\/p>\n<p>Unless your <a href=\"http:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/succession-plan-or-exit-plan-whatever-you-call-it-you-need-one-now\" target=\"_blank\" rel=\"noopener noreferrer\" data-wa-link=\"body_tpc-successionplan\">succession plan<\/a> is restricted to a buyout by partners or your employees, you need to consider the mechanics of selling a practice to an outsider. But how does operating in the cloud increase the goodwill value of a tax and accounting practice? Upon the sale of a practice, anything that disrupts the transfer of clients from the buyer to the seller can depress value. If, during the transition process, any client feels like a mere widget being sold to the highest bidder or is confused by new procedures, new personnel or new systems, that client is likely to take their business elsewhere. Most sale agreements contain provisions that lay the burden of client loss at the feet of the seller in whole or part.<\/p>\n<p>The bottom line is, the loss of clients during the transition phase often will affect the seller\u2019s buyout. To minimize this, great thought must be given to the client experience during the transition from the seller to the buyer.<\/p>\n<p>Before I go any further, you should know what issues operating on a cloud platform cannot minimize. The cloud cannot overcome issues related to clients who require face-to-face meetings. The cloud cannot shift client loyalty from the seller to the buyer. Both of these issues require pre-sale planning to properly address.<\/p>\n<p>However, operating on a cloud platform can mitigate many other negative aspects of migrating clients to the buyer.<\/p>\n<ol>\n<li><strong>Utilizing portal software <\/strong>so clients can transmit documents and information electronically may enable this function to be transferred seamlessly from seller to buyer. Depending on the <a href=\"https:\/\/proconnect.intuit.com\/link-choice\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wa-link=\"body_link-choice\">portal software<\/a>, this could be as easy as granting the buyer access to the seller\u2019s portal.<\/li>\n<li><strong>Electronic storage of files <\/strong>facilitates efficient transfer to the buyer. Files can be transferred in mass without the cost associated with copying and moving paper files. In addition, during the due diligence phase of a sale, the seller can grant the buyer limited access to vet clients\u2019 electronic records. Utilizing a cloud document management system allows both the vetting of client files by the buyer and the movement of files to buyer without requiring physical trips to the seller\u2019s office. The last thing a buyer wants to do is to wade through cabinets of paper files.<\/li>\n<li><strong>Operating in the cloud expedites the transition of operations. <\/strong>Almost any sale of an accounting\/tax practice requires continued involvement of the selling owner during the transition phase. During this phase, rather than moving operations from one physical location to another, both the seller and the buyer can access a common operational cloud platform from their own locations. Additionally, if the parties use compatible software on the cloud, it is almost as easy as throwing a switch to grant the necessary access rights. It is as though the seller and buyer have both set up shop in adjoining offices even though they may be on opposite sides of town.<\/li>\n<\/ol>\n<p style=\"padding-left: 40px;\">This third benefit is often overlooked. In the absence of cloud-based operations, transitioning a practice generally requires the seller to physically or remotely connect to the buyer\u2019s network. Either the seller must travel to the buyer\u2019s office, an inconvenience, or remote connect, a security risk. In a cloud environment, if an issue arises with a client during the transition phase requiring the involvement of seller, the seller can simply access information from their home.<\/p>\n<ol start=\"4\">\n<li>Operating on a cloud platform provides the<strong> opportunity for the seller to move client files to the buyer over time in blocks rather than in mass<\/strong> if the seller wants to merely scale back or slowly withdraw from their practice. This provides greater flexibility in the structuring of any sale transaction.<\/li>\n<\/ol>\n<p>To the extent the sale or transfer of an accounting practice is structured to minimize the effect on the clients\u2019 user experience, the greater the success and rapidity of client transfer, and the greater value of goodwill.<\/p>\n<p><strong>Editor\u2019s note: <\/strong>For more about succession planning best practices, read Fredric Leffler\u2019s article \u201c<a href=\"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/succession-plan-or-exit-plan-whatever-you-call-it-you-need-one-now\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wa-link=\"body_tpc-successionplan\">Succession Plan or Exit Plan: Whatever You Call it, You Need One Now<\/a>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find out how getting the operations for your tax and accounting practice on the cloud could help you monetize your goodwill when it&#8217;s time to sell your practice.<\/p>\n","protected":false},"author":121414521,"featured_media":8441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[116807],"tags":[],"intuit_collection":[],"intuit_series":[],"coauthors":[567466429],"class_list":["post-13583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-practice-management"],"header_image":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How cloud-based operations can ease succession - Tax Pro Center | Intuit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How cloud-based operations can ease succession - Tax Pro Center | Intuit\" \/>\n<meta property=\"og:description\" content=\"Find out how getting the operations for your tax and accounting practice on the cloud could help you monetize your goodwill when it&#039;s time to sell your practice.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/\" \/>\n<meta property=\"og:site_name\" content=\"Tax Pro Center | Intuit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IntuitAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-21T13:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-14T14:49:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/05\/succession-e1535553211439.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"655\" \/>\n\t<meta property=\"og:image:height\" content=\"357\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fredric D. Leffler, CPA, MBA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:site\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fredric D. Leffler, CPA, MBA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/\"},\"author\":{\"name\":\"Fredric D. Leffler, CPA, MBA\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/bd643a96468142460e01e39395349b79\"},\"headline\":\"How cloud-based operations can ease succession\",\"datePublished\":\"2018-09-21T13:00:41+00:00\",\"dateModified\":\"2024-08-14T14:49:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/\"},\"wordCount\":845,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/succession-e1535553211439.jpg\",\"articleSection\":[\"Practice Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/\",\"name\":\"How cloud-based operations can ease succession - Tax Pro Center | Intuit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/succession-e1535553211439.jpg\",\"datePublished\":\"2018-09-21T13:00:41+00:00\",\"dateModified\":\"2024-08-14T14:49:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#primaryimage\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/succession-e1535553211439.jpg\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/succession-e1535553211439.jpg\",\"width\":655,\"height\":357,\"caption\":\"Two businesspeople shaking hands while in a meeting with colleagues\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How cloud-based operations can ease succession\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"name\":\"Tax Pro Center | Intuit\",\"description\":\"Tax Pro Center\",\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\",\"name\":\"Tax Pro Center | Intuit\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"width\":872,\"height\":160,\"caption\":\"Tax Pro Center | Intuit\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/IntuitAccountants\",\"https:\\\/\\\/x.com\\\/IntuitAccts\",\"https:\\\/\\\/www.instagram.com\\\/intuitaccountants\\\/?hl=en\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/intuit-accountants\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/bd643a96468142460e01e39395349b79\",\"name\":\"Fredric D. Leffler, CPA, MBA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/470dedca9e533b20a0cb7cce387dc8108e3341588cfef6f9dd3d5543126f5eaa?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/470dedca9e533b20a0cb7cce387dc8108e3341588cfef6f9dd3d5543126f5eaa?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/470dedca9e533b20a0cb7cce387dc8108e3341588cfef6f9dd3d5543126f5eaa?s=96&d=identicon&r=g\",\"caption\":\"Fredric D. Leffler, CPA, MBA\"},\"description\":\"Fredric Leffler has been providing tax advice and business planning to clients for more than three decades. Over the years, he has owned a number of businesses, including service and manufacturing companies. His experience with these businesses provides him with a keen insight into the issues that affect small and medium businesses. You can reach him at fredric.leffler@gmail.com.\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/author\\\/fredleffler\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How cloud-based operations can ease succession - Tax Pro Center | Intuit","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/","og_locale":"en_US","og_type":"article","og_title":"How cloud-based operations can ease succession - Tax Pro Center | Intuit","og_description":"Find out how getting the operations for your tax and accounting practice on the cloud could help you monetize your goodwill when it's time to sell your practice.","og_url":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/","og_site_name":"Tax Pro Center | Intuit","article_publisher":"https:\/\/www.facebook.com\/IntuitAccountants","article_published_time":"2018-09-21T13:00:41+00:00","article_modified_time":"2024-08-14T14:49:36+00:00","og_image":[{"width":655,"height":357,"url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/05\/succession-e1535553211439.jpg","type":"image\/jpeg"}],"author":"Fredric D. Leffler, CPA, MBA","twitter_card":"summary_large_image","twitter_creator":"@IntuitAccts","twitter_site":"@IntuitAccts","twitter_misc":{"Written by":"Fredric D. Leffler, CPA, MBA","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#article","isPartOf":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/"},"author":{"name":"Fredric D. Leffler, CPA, MBA","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/bd643a96468142460e01e39395349b79"},"headline":"How cloud-based operations can ease succession","datePublished":"2018-09-21T13:00:41+00:00","dateModified":"2024-08-14T14:49:36+00:00","mainEntityOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/"},"wordCount":845,"commentCount":1,"publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/05\/succession-e1535553211439.jpg","articleSection":["Practice Management"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/","name":"How cloud-based operations can ease succession - Tax Pro Center | Intuit","isPartOf":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website"},"primaryImageOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#primaryimage"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/05\/succession-e1535553211439.jpg","datePublished":"2018-09-21T13:00:41+00:00","dateModified":"2024-08-14T14:49:36+00:00","breadcrumb":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#primaryimage","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/05\/succession-e1535553211439.jpg","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/05\/succession-e1535553211439.jpg","width":655,"height":357,"caption":"Two businesspeople shaking hands while in a meeting with colleagues"},{"@type":"BreadcrumbList","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/how-cloud-based-operations-can-ease-succession-tax-accounting-practice\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxprocenter.proconnect.intuit.com\/"},{"@type":"ListItem","position":2,"name":"How cloud-based operations can ease succession"}]},{"@type":"WebSite","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","name":"Tax Pro Center | Intuit","description":"Tax Pro Center","publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/accountants.intuit.com\/taxprocenter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization","name":"Tax Pro Center | Intuit","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","width":872,"height":160,"caption":"Tax Pro Center | Intuit"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/IntuitAccountants","https:\/\/x.com\/IntuitAccts","https:\/\/www.instagram.com\/intuitaccountants\/?hl=en","https:\/\/www.linkedin.com\/company\/intuit-accountants\/"]},{"@type":"Person","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/bd643a96468142460e01e39395349b79","name":"Fredric D. Leffler, CPA, MBA","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/470dedca9e533b20a0cb7cce387dc8108e3341588cfef6f9dd3d5543126f5eaa?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/470dedca9e533b20a0cb7cce387dc8108e3341588cfef6f9dd3d5543126f5eaa?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/470dedca9e533b20a0cb7cce387dc8108e3341588cfef6f9dd3d5543126f5eaa?s=96&d=identicon&r=g","caption":"Fredric D. Leffler, CPA, MBA"},"description":"Fredric Leffler has been providing tax advice and business planning to clients for more than three decades. Over the years, he has owned a number of businesses, including service and manufacturing companies. His experience with these businesses provides him with a keen insight into the issues that affect small and medium businesses. You can reach him at fredric.leffler@gmail.com.","url":"https:\/\/accountants.intuit.com\/taxprocenter\/author\/fredleffler\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/05\/succession-e1535553211439.jpg","jetpack_shortlink":"https:\/\/wp.me\/pazjGh-3x5","jetpack-related-posts":[{"id":52165,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/workflow-tools\/benefits-of-cloud-native-software\/","url_meta":{"origin":13583,"position":0},"title":"Benefits of cloud-native software","author":"Intuit Accountants Team","date":"March 5, 2024","format":false,"excerpt":"Discover the benefits of cloud-native software and how it benefits your tax and accounting firm, and your clients.","rel":"","context":"In &quot;Practice Management&quot;","block_context":{"text":"Practice Management","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/practice-management\/"},"img":{"alt_text":"Benefits of cloud-native software","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/03\/Benefits-of-cloud-native-software-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/03\/Benefits-of-cloud-native-software-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/03\/Benefits-of-cloud-native-software-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/03\/Benefits-of-cloud-native-software-copy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":16249,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/benefits-of-the-cloud-for-tax-professionals\/","url_meta":{"origin":13583,"position":1},"title":"Benefits of the cloud for tax professionals","author":"Tara Stratton","date":"June 7, 2019","format":false,"excerpt":"Increase your knowledge of working with your tax clients in the cloud with this list of recent articles.","rel":"","context":"In &quot;Advisory Services&quot;","block_context":{"text":"Advisory Services","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/advisory-services\/"},"img":{"alt_text":"tax practice in the cloud","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/cloud-in-hand-e1508454577332.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/cloud-in-hand-e1508454577332.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/cloud-in-hand-e1508454577332.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/cloud-in-hand-e1508454577332.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":28597,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/cloud-based-software-myths-debunked\/","url_meta":{"origin":13583,"position":2},"title":"Cloud-based software myths debunked","author":"Kasey Clark","date":"April 20, 2023","format":false,"excerpt":"Learn the truth about cloud-based software for accountants. We explain what it is and refute 7 common myths about this cutting-edge technology.","rel":"","context":"In &quot;Practice Management&quot;","block_context":{"text":"Practice Management","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/practice-management\/"},"img":{"alt_text":"Cloud-based software","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Cloud-based-software-myths-debunked-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Cloud-based-software-myths-debunked-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Cloud-based-software-myths-debunked-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Cloud-based-software-myths-debunked-copy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":18354,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/creating-an-advisory-workflow-in-the-cloud\/","url_meta":{"origin":13583,"position":3},"title":"Creating an advisory workflow in the cloud","author":"Jim Buffington, CPA","date":"January 21, 2020","format":"video","excerpt":"In this case study by Jim Buffington, CPA, discover how Marc Berger, CPA, relies on the cloud for workflow and advisory services.","rel":"","context":"In &quot;Advisory Services&quot;","block_context":{"text":"Advisory Services","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/advisory-services\/"},"img":{"alt_text":"Tax professionals","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/tax-professionals-e1535552334151.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/tax-professionals-e1535552334151.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/tax-professionals-e1535552334151.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11800,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/how-cloud-tax-and-accounting-makes-tax-season-a-breeze\/","url_meta":{"origin":13583,"position":4},"title":"How cloud tax and accounting makes tax season a breeze","author":"Kessla Sloan","date":"March 1, 2018","format":false,"excerpt":"Find out how SKYsmb uses Intuit ProConnect Tax Online, QuickBooks Online Accountant and Intuit Link to improve its collaboration and help its clients.","rel":"","context":"In &quot;Practice Management&quot;","block_context":{"text":"Practice Management","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/practice-management\/"},"img":{"alt_text":"tax accounting in the cloud","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/paperless-e1508454602129.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/paperless-e1508454602129.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/paperless-e1508454602129.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/paperless-e1508454602129.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8763,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/proconnect\/proconnect-tax-online-quickbooks-online-accountant-take-top-honors-at-innovation-awards\/","url_meta":{"origin":13583,"position":5},"title":"ProConnect\u2122 Tax Online and QuickBooks\u00ae Online Accountant Take Top Honors at Innovation Awards","author":"Firm of the Future Team","date":"June 12, 2017","format":false,"excerpt":"The integration of Intuit\u00ae ProConnect\u2122 Tax Online\u00a0and\u00a0QuickBooks\u00ae Online Accountant (QBOA)\u00a0won a\u00a0Tax and Accounting Technology\u00a0Innovation Award from the CPA Practice Advisor at the publication's annual awards competition. The awards were\u00a0handed out on June 6 at the\u00a0California Accounting and Business Show & Conference in Los Angeles, Calif. Receiving an honorable mention was\u00a0Practice\u2026","rel":"","context":"In &quot;Intuit\u00ae Accountants News&quot;","block_context":{"text":"Intuit\u00ae Accountants News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/proconnect\/"},"img":{"alt_text":"CPA Practice Advisor awards","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/2017_awards-593771d83a4b9-e1529601670395.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/13583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/users\/121414521"}],"replies":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/comments?post=13583"}],"version-history":[{"count":8,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/13583\/revisions"}],"predecessor-version":[{"id":55165,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/13583\/revisions\/55165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media\/8441"}],"wp:attachment":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media?parent=13583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/categories?post=13583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/tags?post=13583"},{"taxonomy":"intuit_collection","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_collection?post=13583"},{"taxonomy":"intuit_series","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_series?post=13583"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/coauthors?post=13583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}