In this interview, we talk with Scott Miegel about the reasons why a business owner would hire a CPA, the role a CPA should play in buying or selling a business, and more. Mr. Miegel is a Certified Public Accountant licensed in the State of Florida, a Certified Business Appraiser with the Institute of Business Appraisers, and a Certified Forensic Accountant with the American College of Forensic Examiners.
Key Points from our Conversation
- Your CPA can help you understand and highlight the value drivers of your business.
- The biggest thing I find is clients believe a good CPA is trustworthy and logical.
- Business valuation is a specialty that requires years of training to be able to identify what makes a business tick (or not).
- Poor records or no records immediately cost you credibility and value.