San Jose

EA firm for sale in West San Jose. This firm was originally established 22 years ago and has been in the current location since. The Seller is looking forward to retirement but will provide transition assistance after the sale, and will continue preparing tax returns on a limited basis if needed. All clients who are seen in-person will remit their documents by mail, electronically upload or drop off in advance of their prescheduled appointment. Clients are very comfortable using technology. Gross revenue of $425k is 100% tax preparation service income and derived from approximately 341 Individual returns with an average fee of $1,145 along with 43 Entities with an average fee of $799 (see breakdown below). There is no current office lease to be assumed and the business must be relocated to another space in the local community, or to the buyers office. Firm uses Lacerte for all Individual and Entity tax filing. The clientele will transition best to an EA or CPA who possesses an in-depth tax background, pleasant demeanor, and the ability to communicate well with clients. 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

$500,000

Status

Sold

Business Type

EA Firm

Gross Revenue

$424,845

Net + Discretionary

$312,310

Tax Prep Income

$424,845

Bookkeeping Income

Other Income

Individual Clients

341

Average Fee

$1,145

Entity Clients

43

Average Fee

$799

Revenue Breakdown

Entity Average Fee Breakdown:
1120S - 1 @ $1,800 avg. fee
1065 - 1 @ $500 avg. fee
1041 - 29 @ $963 avg. fee
709 - 12 @ $343 avg. fee

There is 1 year-round, part-time, EA who would also like to retire after the sale.
There are 3 part-time, seasonal employees.

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.