- Well-established accounting, bookkeeping, and tax practice with diverse, recurring revenue streams:
- Compilations, bookkeeping, and accounting – 17% of revenue from reliable annual services
- T1 personal tax returns – approximately 45% of revenue, with 442 clients averaging $266 per return
- T2 corporate tax returns – approximately 34% of revenue, with 54 clients averaging $1,636 per return
- Other recurring services – contributing approximately 4% of total revenue
- Operates 95% virtually (can be transitioned to fully virtual with ease)
- Extremely low overhead and operating expenses
- Ideal for an owner-operator: A buyer who chooses to work within the practice can significantly increase net cash flow by reducing contractor and staff costs
- Lean and efficient team: Current team includes the owner (working minimal hours, not full-time) and two experienced contractors who are open to continuing with the new owner
- Owner is a CPA, CA – buyer must also hold a recognized accounting designation
- Founded in 2019 as a sole proprietorship and has demonstrated consistent, organic growth driven largely by referrals
- Broad client base across a variety of industries
- Home-based operation providing flexibility and low overhead
- Seller committed to supporting a smooth transition and will be available for a structured handover period
- Software currently in use:
- StudioTax Enterprise (T1 personal returns)
- TaxTron Web Application (T2 corporate returns)
- Excel (for financial statements)
- QuickBooks Online (bookkeeping)
- TaxDome (CRM and workflow management)