Well-established EA firm in Encino, CA for sale. Serving a loyal, long-term client base that includes many clients in the entertainment industry; the Seller is an experienced Enrolled Agent who enjoys the work but no longer wants to continue managing the firm and be solely responsible for operations. The Seller would like to continue working with the Buyer as needed on a flexible part-time basis. The annual gross revenue of $303,545 is 100% derived from income tax preparation services, consisting of approximately 243 individual tax returns at an average fee of $871, and 52 entity returns with an average fee of $1,762 (detailed breakdown below). Most clients work with the Seller remotely. Approximately 75% remit their documents electronically, while 20% provide their info on paper (by mail) or a mixture of paper and digital formats, and the remaining 5% come to the office to drop off their paperwork. Since client interaction is primarily remote, the practice can easily be relocated throughout the Los Angeles area. The ideal buyer for this firm is an EA or CPA who is comfortable working with clients in the entertainment industry. The firm works closely with a couple business management firms; therefore, it would be best that the Buyer does not perform business management services. This practice primarily employs a remote workforce that includes three remote preparers and one local Admin (two of whom are likely available after the sale). Practice currently uses Lacerte for tax preparation and processing.
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