Redding

CPA Firm for Sale in Redding, CA. This firm provides a variety of tax & accounting services along with tax planning and related consulting services. The Seller will provide transition assistance after the sale and is willing to remain on staff to assist the Buyer as needed. This practice enjoys above average tax preparation fees in addition to consistent year round income from bookkeeping & payroll services. Gross revenue of $420k is derived from 85 individual returns with an avg. fee of $956, plus 31 Entities (see below for breakdown) with an avg. fee of $1,187 and 317k in Bookkeeping/Payroll/Consulting revenue. Revenue breakdown is 28% Tax & 72% Bookkeeping/Accounting. Approximately 15% of clients like to come in to the office for an appointment while 60% will drop off and the remaining 25% prefer to mail/email/upload their documents. The clientele will transition best to a CPA or EA who has a background in tax along with a caring and respectful personality. Practice uses Lacerte for tax preparation and QuickBooks for bookkeeping. 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.

If you don’t have an account please complete the Buyer Profile and NDA online (It will take less than 2 minutes). Once that form is submitted your account will be created and you can download the practice profile immediately. If you’ve already completed the Buyer Profile and NDA then you can log-in to our website using your email and created password (or use the forgot password link to reset password) and download this profile.

Price

$420,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$420,292

Net + Discretionary

$173,018

Tax Prep Income

$118,098

Bookkeeping Income

$243,737

Other Income

$58,457

Individual Clients

85

Average Fee

$956

Entity Clients

31

Average Fee

$1,187

Revenue Breakdown

Entity Revenue Breakdown:
1 - 1120 @ $1,013
15 - 1120S @ $1,631
9 - 1065 @ $659
3 - 1041 @ $914
3 - 990 @ $887

Bookkeeping Revenue Breakdown:
9 Monthly Clients @ $1,154 avg. fee per month
2 Quarterly Clients @ $1,952 avg. fee per qtr
25 Annual Clients @ $1,541 avg. fee per year
8 Payroll clients with an avg. of 8 payees per run @ $677 avg. fee per client, per month

Practice employs a full-time bookkeeper and full-time office manager on Payroll. Both are likely to remain after the sale. The Seller is also available, as needed, to continue working with the Buyer after the sale.

Please complete the Buyer Profile and NDA to instantly receive additional information. Once the webform has been submitted you will be redirected to webpage where you can download the Practice Profile pdf for any practice(s) you are interested in. If you previously submitted a buyer profile and NDA with us you can resubmit to be added to our new download system, or contact us for the Practice Profile. You can come back anytime to log in with your username and password and download additional practice listings. Please contact us at (855) 428-2225 or via email at steve@atbcal.com.