#5395 - Los Angeles - CALIFORNIA

$715,000 - CPA firm for sale in Century City, Los Angeles, CA. This is a complete sale of the firm; however, the Seller would like to continue working with the Buyer on a part-time basis (2–3 days per week) to assist with workload and client transition prior to full retirement. The Seller primarily provides tax compliance services and high-level tax consulting to individuals and businesses for complex tax return filings, combined with year-end adjustments to ledgers and limited after-the-fact payroll services. Approximately 80% of clients interact with the Seller electronically, while 15% drop off materials at the Seller’s office and the remaining 5% typically mail in their information. Gross revenue of approximately $511k is derived from 46 individual tax returns with an average fee of $5,225, 51 entity tax returns with an average fee of $5,305 and an additional $6,280 in Tax Consulting. Additional services, including two after-the-fact payrolls and year-end adjustments, are included in the average tax preparation fees noted above. The firm currently operates from a home office, and the practice will need to be relocated to another nearby location. The Seller believes an office situated between Santa Monica and Beverly Hills would be ideal for clients who prefer to drop off materials or meet the new CPA in person. The Seller performs all services personally, and there is no staff associated with this firm. Clients are accustomed to working directly with the Seller and will expect similar accessibility from the successor. While clients may appear spoiled, they pay for a high level of personal service, and the Seller is seeking a Buyer who is willing to continue interacting with clients in a comparable manner. This opportunity is best suited for a CPA who is comfortable working with high-net-worth individuals on complex tax compliance matters. This firm is not suitable for investment or private equity acquisition and must be purchased by an individual CPA who can assume the Seller’s responsibilities post-sale. Practice currently uses CCH ProFx, MS Office, Adobe and TaxBandits. Much more information is available on the Practice Profile, including a more in-depth breakdown of the staff and financials. For further information please contact us using the message form below. ATB, Inc. CA DRE 02002824