#5221 - Austin - TEXAS

ABA Advisors represents this lucrative, virtual tax and accounting practice located in the Austin, Texas area. Although most of the business consists of personal and corporate tax work, 26% is on monthly retainers. “Other services” represent 11% of the gross revenue. The seller offers to remain working up to 30 hours a week, no more than 24 months post-closing to ensure a smooth transition and high client retention. Seller requires the buyer to be a CPA or EA. The Practice While this is not currently a virtual practice, because 96% of the firm is now paperless, and only 4% drop off their paperwork, the seller believes over time, this could be converted to a virtual firm. The practice was founded in 2000. The seller began by reaching out to colleagues and contacts from the Austin, Texas area and grew the business organically at a steady pace. Today, the staff handles all of the preparation work, which allows the seller to focus on client relationships, tax planning, final reviews, and ongoing communications. The firm has experienced consistent revenue growth over the years. The client base is very diversified and all sign engagement letters. Business ID: TX-2118