Exit strategies

This technical helpsheet considers the practical and ethical implications of ceasing to practice; be it retiring from practice or closing your practice.

• Closing your practice helpsheet

This technical helpsheet considers the practical implications on accepting an appointment as a sole principals alternate.

• Arrangements for alternates - guidance for alternates

This technical helpsheet considers the practical and ethical implications of ceasing to practice; be it retiring from practice or closing your practice.

• Retiring from practice

This technical helpsheet outlines the considerations to be addressed when a significant change is made to the composition of a firm, such as the arrival or departure of a principal.

• Changes in the composition of a firm

ICAEW member Vicky Andrew shares her advice for securing a successful exit, including why you need a succession plan and maximising your practice's value.

• Advice on securing a successful exit from practice life

This hub page offers advice to help make your practice more saleable and identify areas that potential buyers will want to explore.

• Buying or selling your practice resources

If you’re thinking of selling up, this guide offer practice tips on arranging and managing the sale of your business.

• The accountant's guide to selling your practice

This technical helpsheet identifies various issues in connection with the purchase or sale of a block of fees of a practice.

• Buying and selling fees helpsheet

Advice on exit strategies and preparing your business for long-term success.

• Succession planning resources

The employee ownership sector recorded a record 30% increase in the number of business transitions to employee ownership during the pandemic, as the Employee Ownership Trust explains.

• Increase in founders and owners choosing employee ownership as a succession option

In this episode of ICAEW's Behind the Numbers podcast, industry experts discuss the appropriateness of employee ownership trusts (EOTs) for accountancy practices:

• Is employee ownership the answer? (podcast)

Successful practice succession can be a real challenge. You may need to fund the retirement of older partners while keeping the practice an attractive proposition for new ones.

• Practice succession resources

This hub offers a collection of free resources to help you manage the transition to retirement and make the most of your options.

• Retirement hub

This selection of high-quality resources provides information on retirement planning, managing your retirement finances, taking care of your health and exploring work and volunteering opportunities when reaching retirement age.

• Retirement resources from the Library