Succession planning: laying the foundation for the future.

• Position: FTBnews

Succession planning is high on the radar for most CPAs--and rightfully so. For CPAs eyeing retirement or downsizing their workload, crafting the right scenarios for the firm to stay sound financially and operationally--white also establishing a safe and secure future for the retiring CPAs--is critical and complex. Empowering younger team members to assume new responsibilities and arming them with resources, skills and abilities to help take the firm to its next level of development and success is also a challenge. Read CalCPA member Mark Fowler's article at...