#5560 - Los Altos - CALIFORNIA

This tax and accounting practice was started from scratch in Los Altos in 1990 as a part-time business. The owner shifted to full-time in 2000. Over the years it has grown primarily from referrals and word-of-mouth, with a nominal advertising budget adding some client leads. This is a very profitable practice with 82% of revenue generated from tax compliance work (planning, consulting, and preparation) and monthly accounting services generating 15% of revenue to help with off-season cash flow. The average fees on tax returns are good with a $2,100 average on 1040s and a $5,000 average on 1120/1120S returns. Most clients are moderate- to high-net-worth individuals with small businesses, rentals, and investments, with some corporations, partnerships, and trusts in the mix. The main business niches are retail services and real estate construction/developers. The owner does all the work with the aid of a full-time bookkeeper/admin. The owner would love to work with the buyer for an extended period to ensure a smooth transition for staff and clients. Tax software: Lacerte Accounting software: QuickBooks Contact us if you would like to learn more about this opportunity. We will have a detailed report you can review after signing a non-disclosure agreement.