Practice for Sale – Established Bookkeeping and Tax Firm
Presented by Alan Liverman
We are pleased to present an excellent opportunity to acquire a well-established and profitable tax and accounting practice with a solid reputation for outstanding client service.
Key Highlights:
Service Breakdown:
T1 Personal Tax Returns: 19% of revenue (approx. 850 returns annually averaging $150 per T1)
T2 Corporate Tax Returns : 9% of revenue (approx. 45 clients averaging $1,450 per T2)
Payroll processing: 3% of revenue (approximately 22 clients at an average annual billing of $950)
Bookkeeping and Management Reports: 67% of revenue (approximately 55 clients at an average annual billing of $8,300)
Established: Founded in 1975, the practice has built a loyal client base and a strong local presence.
Technology:
Tax Software: Taxcycle ,Titan secure portal, Adobe e-signature
Accounting Software: QBO, Quick books online and desktop. HubDoc, Plooto, Jobber, Microsoft 365
Staffing:
Five full-time employee year-round and one part-time in tax season
Staff work almost entirely on-line however buyer must be able to work from the office
Owner Involvement: Full time
Office Space:
Approximately 1000 square feet
Monthly rent: $2,500 + HST
Lease assumable
Financials: Consistent annual billings and profitability, with a strong emphasis on customer satisfaction.
This is an ideal opportunity for an individual practitioner who is a CPA and looking to grow, or an existing CPA firm seeking to expand its client base by acquiring this book of clients.