CPA firm for sale in Culver City, CA. ref# CUL123. This firm was established by the Seller in 2011 and has been operating in its current location for 5 years. The commercial building that office was located in was recently sold and the Buyer will need to provide their own workspace. Any location within 10-20 miles of Culver City should be fine. Approximately 10% of clients will come in for an appointment, 30% will drop off, 10% mail-in while the remaining 50% will remit their documents electronically. For YTD in 2023 (Jan 1st – Nov 12th), the practice generated gross revenue of $464k which is derived from 325 individuals with an average fee of $543, along with 123 entities with an average fee of $1,221 (see breakdown below), $37k from 32 quarterly bookkeeping client services along with 9 payroll clients, and $15k of miscellaneous accounting services and amended tax returns. Seller is willing to stay for 1 tax season to ensure a smooth transition. There are 2 full-time and 1 part-time employees. Full-time employee is likely to stay after the sale, the part-time employee may or may not stay, and the other full-time employee will not be returning (see more Staff info on practice profile). Seller is looking for an experienced EA or CPA with a background in tax & accounting. The Buyer should be knowledgeable in all aspects of taxation, with extensive knowledge of entity returns of all kinds. Practice currently uses Lacerte and Ultra Tax for tax preparation as well as QuickBooks desktop. Much more information is available on the Practice Profile. Please log-in to your account for immediate access including the ability to download the Practice Profile pdf and update your distance preference.
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