Part 23: Succession Planning Intro

by | Nov 22, 2021

By: KHA Consulting Team

The following is part 23 of a multi-part series on The KHA Way, KHA Management Consulting’s Integrated Service Offering. This blog series includes the benefits of using KHA Management Consulting Services and the components included.

The Management Consulting Group at KHA Accountant’s PLLC divides its continual success portion into two major categories, Meeting Cycles for strategic initiatives and Exit/Succession planning.

In Meeting Cycles, our KHA Management Consultants team will walk you through three type of meetings:

  • Annual strategy sessions
  • Quarterly strategy sessions,
  • Weekly or bi-weekly tactical sessions.

Each meeting session is designed to either develop your strategic initiatives or focus your firm’s actions on getting closer and closer to achieving those goals. We will go into further detail on these in upcoming posts.

During your firm’s Exit/Succession planning session, we first try to determine our clients’ ultimate goal. Whether it is an upcoming retirement, contingency planning, or a potential sale of the business, we help you to ensure that your organization is prepared to welcome its next generation of leaders with fluidity and ease, regardless of who they are.

At KHA Management Consultants, we work with mid-market industry leaders to identify what makes the organization, its stakeholders, and its; employees tick. We facilitate Process Alignment with your organization’s key constituents to ensure buy-in, ownership, and a new way of thinking about the organization and its stakeholders amongst all levels. From a resource perspective, we primarily use our unmatched experience but also tap into the top-level resources such as those made available by Harvard Business Review, relevant strategic management authors, and MentorPlus. Some of those materials, frameworks, and lessons have been used in authoring this series.

KHA Management Consultants, the consulting department of KHA Accountants, PLLC, based in Flower Mound, Texas, is always looking for opportunities to work with key clients ready to take their organization to the next level. If you have a desire to improve, take the first step toward success with the strategic management experts, and contact us at 972-221-2500.

What Every Taxpayer Needs to Know About the 2026 Tax Season

The 2026 tax filing season brings several significant changes that could affect your refund timeline and filing approach. Between IRS staffing reductions, new postal service postmark rules, and a transition to electronic payments, taxpayers who wait until April to file or who rely on paper submissions may face unexpected delays and penalties. The good news? With a few proactive steps—filing electronically, mailing early, and setting up direct deposit—you can avoid these pitfalls and ensure a smooth filing experience.

529 Plans Explained: How to Save Thousands on Education While Reducing Estate Taxes

529 plans offer more than just tax-free college savings. From funding K-12 tuition to repaying student loans and even reducing estate taxes, these versatile accounts provide powerful benefits that many families overlook. Learn how to maximize your education savings strategy with step-by-step guidance on setting up, funding, and managing 529 plans for your children or grandchildren.

Beyond the Balance Sheet: Building the Next Generation of Successful Wealth Stewards

The statistics are sobering: 70% of wealthy families lose their wealth by the second generation, and 90% have depleted it by the third. Yet despite these well-documented trends, most affluent families continue to focus primarily on tax optimization and asset protection while neglecting the most critical element of successful wealth transfer: preparing the next generation to be responsible stewards of family assets.

Revocable vs. Irrevocable Trusts: What’s the Difference?

Trusts are powerful estate planning tools, but not all trusts are created equal. In this video, we break down the key differences between revocable and irrevocable trusts, including control, tax treatment, creditor protection, and long-term planning implications. Whether you’re building a basic estate plan or preserving multigenerational wealth, understanding these two foundational trust structures is essential.

OBBBA: Middle-Market Business Changes

The One Big Beautiful Bill Act is redefining tax planning for middle-market businesses. Discover the five key changes impacting decisions today and shaping strategies for the future.

OBBBA: Opportunity Zones

Understand how the One Big Beautiful Bill Act reshapes Opportunity Zone incentives and what it means for your investments.