When Large (or Any) Clients Need Backup Assurances

Ed Mendlowitz CPA The Practice Doctor Q and AHere are 8 concrete suggestions.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: My largest client does over $100 million in annual sales and accounts for 40 percent of my total revenue. Its bank has expressed their concern to me and the client about the existence of a contingency plan for accounting and tax backup in the event of my untimely death or long-term medical issues. This is a very important issue for me and I would appreciate any advice you can provide.