{"id":64229,"date":"2019-08-05t12:05:43","date_gmt":"2019-08-05t16:05:43","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=64229"},"modified":"2019-08-16t09:41:32","modified_gmt":"2019-08-16t13:41:32","slug":"how-to-transfer-a-boomer-owned-cpa-practice-to-a-millennial","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/08\/05\/how-to-transfer-a-boomer-owned-cpa-practice-to-a-millennial\/","title":{"rendered":"how to transfer a boomer-owned cpa practice to a millennial"},"content":{"rendered":"
<\/p>\n
riding the big gray wave.<\/strong><\/p>\n by brannon poe<\/em><\/p>\n the demographic tsunami actually might surprise you. according to pew research, millennials are projected to soon overtake baby boomers as the largest generation. that\u2019s right, they will be the biggest generation in the u.s. and they are almost there.<\/p>\n another very important consideration is the declining number of cpas in the profession. the total number of first-time licensed cpas has declined about 20 percent since the 1990s.<\/p>\n it appears that the \u201cgreying of the profession\u201d may be more of a function of the number of people who have chosen the profession and those that have decided to get out of public practice altogether.<\/p>\n\n