|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3396||VA||Richmond, VA||$600,000||new||New Clients Inc.|
Year Established 2005
Personnel 2 Owners 2 Full-Time Employees 2 Part-Time Employees 1 Seasonal Full-Time Employee 2 Seasonal Part-Time Employees
Reason for Sale - Owners Wish to Retire
Type of Client Tax Year 2019
Tax Clients 1,510 completed returns
Individual Returns -- 1,350 Corporate Returns -- 110 Partnership Returns -- 30 Other (estates, trusts, non-profits) -- 20 Accounting Clients 28 Payroll Clients 53
Individual versus company clients
Approximately 90% of returns are for individuals and 10% are for companies.
The practice is located in Richmond, Virginia – a dynamic and growing market which is the Capital of the Commonwealth of Virginia and home to many companies, universities, and state and federal offices. Greater Richmond has a population of 1.1 million, and comprises seven counties (Charles City, Chesterfield, Goochland, Hanover, Henrico, New Kent, Powhatan) and the City of Richmond.
Richmond is an emerging small-business hot spot boosting an educated workforce, low cost of living, a business-friendly tax climate and a great quality of life. Richmond’s location in the heart of the mid-Atlantic region is a big advantage for small businesses because 40 percent of the U.S. population is within a day’s drive.
The area is business friendly, with a six percent corporate tax rate, and tax credits and abatements for job creation and development in economically distressed areas.
Richmond is home to seven Fortune 500 headquarters and an array of industries, including DuPont’s largest manufacturing plant in the world. According to The Wall Street Journal, Richmond has the sixth-highest concentration of millennial workers, drawing a workforce that flocks to the region for diverse job opportunities and its renowned culture and recreation.
Nearly 30 regional institutions of higher education in the area (including Virginia Commonwealth University, Virginia Union University, Virginia State University, the University of Richmond, and Randolph-Macon College) train and supply the next generation of skilled professionals, enabling Richmond to attract and retain businesses of all sizes.
Richmond is regularly named as one of the top best places to live in the U.S. It was named a top 10 city for global trade in the United States by Global Trade Magazine.