San Jose II

CPA Tax Firm for sale in San Jose, CA. This Solo practitioner firm was established by the Seller in 1977 and has been operating in the area for the past 22 years. The Seller is potentially available to work after transition, but their main reason for selling is retirement and to take care of their health. The practice is operated from a centrally located office in San Jose but will need to be relocated after the sale. Approximately 60% of clients mail, email and upload their tax documents for return completion, while 40% like to come into the office. Gross revenue of $210k is 100% derived from tax preparation from approximately 243 individual returns with an avg. fee of $567 and 52 Entities with an avg. fee of $1,490 (see breakdown below). Seller is looking for an EA or CPA who is good with people and possesses the technical background to prepare all different types of tax returns. Practice currently uses Lacerte for tax preparation as well as QuickBooks. 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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Price

$230,000

Status

Sold

Business Type

CPA Firm

Gross Revenue

$200,151

Net + Discretionary

$152,743

Tax Prep Income

$200,151

Bookkeeping Income

Other Income

Individual Clients

234

Average Fee

$567

Entity Clients

52

Average Fee

$1,490

Revenue Breakdown

Entity Avg. Fee Breakdown:
4 - 1120 @ $625 avg. fee
12 - 1120S @ $1,559 avg. fee
12 - 1065 @ $2,121 avg. fee
22 - 1041 @ $1,212 avg. fee
2 - 990 @ $2,100 avg. fee

This firm has no staff.
Firm needs to be relocated but should stay within 10 miles of current location.

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.