000			01993nam a22001937a 4500
005			20241028100404.0
008			241028b ph ||||| |||| 00| 0 eng d
022			_a0021-8448
040			_cOCT
100			_aDennis, Anita
240			_aJournal of Accountancy / _hAugust 2024
245			_aSingle-owner firms : _bThe thrill of thriving solo / _cAnita Dennis and Sarah Ovaska
260			_aDurham, NC : _bAICPA & CIMA , _c2024-
300			_aVol 238 (2) Pages 8-17 : _billustrations ; _c28 cm
500			_aThere are definite perks to being a sole owner of a CPA firm: You get to be your own boss, decide the direction of your practice, and grow at the pace you want. But flying solo also brings a lot of pressure. As the only owner, a sole proprietor carries all the responsibility for keeping the firm from crashing. For those owners who are also true sole practitioners, they shoulder the burden of the accounting work as well. The terms sole proprietor and sole practitioner are often used interchangeably, and their definitions can vary depending on what state, region, or industry you are in. For this article, sole practitioner refers to true solos, CPAs who run their firms with no other accountants on staff. Sole proprietor refers to CPAs who are the sole owners of their firm but have other accountants on staff who can help with the accounting work. The JofA talked to 10 sole proprietors, most of whom are also sole practitioners. Some have been on their own for years; others got started just before the pandemic hit. One has retired after 30 years as a solo, while another is working on earning her CPA. As a group, they shared their experiences and offered their perspectives on the ups and downs of flying solo (see the sidebar, "Pros and Cons of a Solo Practice"). Their stories showcase the diversity of purpose, services, and experiences of those who have dared to go it on their own.
650			_aFirm practice managment
700			_aOvaska, Sarah
942			_2ddc _cCR _n0
999			_c9914 _d9914