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CPA Voice: How to be a success at succession planning

Written on Apr 7, 2022

CPAs are trusted advisers who can help their clients plan for the future. But when it comes to succession planning at CPA firms, many still struggle. 

“It is imperative to focus on the future of the firm by adopting a strategy that builds sustainability,” said Robert Traphagen, CPA, of Traphagen CPAs & Wealth Advisors in the March/April issue of CPA Voice. “This will add value and allow the firm to be in a position of strength to determine its own destiny.”   


Traphagen goes on to detail six ways CPA firms can plan for a successful succession planning strategy, including building infrastructure, identifying leadership and investing in technology.  

“Succession, in a sense, is viewed more often as an end game by many firms rather than a critical component of firm management,” Traphagen said.  

Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even when the power is out– you can gain CPE credit with each issue.  

Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge.  

Best of all, you can take the exam when and where it’s convenient for you. Exams remain available online – and may be completed for CPE – through the same month of the following year.  

And for learning on succession planning, check out our On-Demand course on Key Insights on Business Succession