Happy New (Financial) Year — Time to Breathe (& Think Ahead)

BySteve Toews

Introduction

The new financial year is here. Lodgements have passed, and for a brief moment, there’s space to breathe.

Selling an accounting practice is rarely a sudden decision — it’s something that builds over time, often across multiple financial years.. Yet another year rolls around, and nothing changes. Not because they don’t want it to — but because the day-to-day always takes over.

For many Accountants, it’s also the point where thoughts about selling an accounting practice start to resurface.

Time Moves Fast in Public Practice

Most practitioners will tell you: the rhythm of the year is relentless. BAS, tax planning, lodgements, reviews — the calendar fills up before you’ve had time to reflect.

Before you know it, another financial year has gone. And the idea of doing something about your own future gets pushed further down the list.
It’s the kind of work that keeps you so busy serving others, your own goals get left behind.

💭 If It’s Been on Your Mind… It’s Worth Exploring

If you’ve had thoughts like:

  • How long do I want to keep working like this?
  • Is now the right time to considering selling my Accounting practice?
  • What are my options if I want to exit on my terms?

…then it’s worth giving yourself time to explore them. Even a short conversation can offer perspective and give structure to something that’s stayed vague for too long.
These aren’t decisions to make overnight — but having the conversation can clarify your thought process.

A Gentle Nudge to Act — Not Rush

This isn’t about rushing into anything. It’s about not letting momentum slip away again.

Many of the best transitions we’ve seen have come from Accountants who started early and gave themselves the breathing room to plan well.
Don’t forget — the most successful transitions often take place over a few years, not a few rushed months.

There’s Still Time — But Less Than You Think

We’re not here to pressure. Just to say: if this financial year is the one you want to do something about your future, now is a good time to begin.

You’re ahead of the curve, and you still have options.
But as the months roll on, those options can narrow quietly in the background.

Closing Thoughts

“The best time to plant a tree was 20 years ago. The second-best time is now.”
Chinese Proverb

At Abacus Business Advisors, we work with Accountants who are thinking ahead — whether that’s one year or five years from now. A quick conversation often makes all the difference. Consider our website page dedicated to Accountants selling their practice.

📞 Book or Call us when you have 15-minutes — confidential, no pressure
1300 121 013.

Learn more about her work here: https://psychology.berkeley.edu/people/christina-maslach

Similar Posts