This firm has an excellent history with the seller, strong average fees (avg 1040 is $900, avg 1120 is $1800, avg 1065 is $2,700), and represents an opportunity for the right CPA to go out on their own or add this client base to their existing firm. Most of the firm’s clients are located in Bucks County, PA. There are some out-of-state 1040 type clients. The firm uses engagement letters.
The firm is paperless. 90% of the clients either mail, e-mail, or use the portal to upload their information. Only 10% physically drop off their information to the firm.
Client demographics are estimated to be as follows: Under age 30 = 10%, 35 to 50 = 40%, 50 to 75 = 45% and 76+ = 5%.
Software: UltraTax / QuickBooks Business ID: PA-2107
