CALIFORNIA

This CPA practice was founded in 1982. Clients are businesses and high net worth individuals, many of whom are in some technical industry. The staff currently consists of six professionals, all but a few either CPAs or certified, and a couple administrative assistants. They handle a majority of the work which includes tax consulting, compliance and preparation (73% of revenue) and bookkeeping, compilations, and review (24% of revenue) with the balance of revenue in IRS audits and consulting services. The firm has strong average fees across tax return forms: $2,316 average 1040; $3,594 average 1120/1120S; $3,210 average 1065; $1,194 average 1041. The majority owner is planning to retire in time, but would prefer to work for the buyer for a few years and phase out, and the minority owner would prefer to keep working with the buyer, ideally in a continued ownership role.

Tax software: Creative Solutions Ultra Tax
Accounting software: Quickbooks
Other software: Practice CS, Planner CS, File Cabinet

Please contact us if you would like to learn more about this opportunity. We have a detailed report you can review after signing a non-disclosure agreement.