Santa Clara #SCL223

Well established Enrolled Agent firm for sale in Santa Clara, CA. ref# SCL223. This firm was established in 1999. Seller is looking forward to retirement but is available to assist the Buyer for a few years after the sale, and/or based on the needs of the Buyer. The current staff includes 5 full-time employees and 2 contracted preparers. The firm currently operates 99% remotely, with approximately 93% of clientele providing their documents electronically, 5% will drop off, 1% mail-in and the remaining very select few clients making up about 1% will come in for an in-person appointment. Over 95% of tax return review appointment are handled through Zoom or over the phone. Gross Revenue of $1,894,882 is derived from 862 Individual Returns with an avg. fee of $1,406, plus 376 Entities with an avg. fee of $1,661 and an additional $58k of gross revenue from bookkeeping, consulting services and miscellaneous tax services (see breakdown below). Firm operates using Lacerte for tax return preparation services in addition to QuickBooks and typical office programs. The clientele will transition best to an experienced EA or CPA this is willing to work hard, provide excellent customer service, and be knowledgeable in all aspects of taxation. Much more information is available in 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

$2,200,000

Status

Available

Business Type

EA Firm

Gross Revenue

$1,894,882

Net + Discretionary

$872,755

Tax Prep Income

$1,836,392

Accounting Income

Other Income

$58,490

Individual Clients

862

Average Fee

$1,406

Entity Clients

376

Average Fee

$1,661

Revenue Breakdown

Entity Breakdown Below:
60 - 1120 @ $2,726 avg. fee
136 - 1120S @ $2,726 avg. fee
136 - 1065 @ $1,405 avg. fee
25 - 1041 @ $1,437 avg. fee
6 - 990 @ $1,826 avg. fee
13 - 709 @ $575 avg. fee

Other Services = $58,490
(Other Services provided include 5500EZ, Consulting, Bookkeeping, Amendments, and other Miscellaneous Tax Services)

99% of return review appointments are handled through Zoom. Firm provides Bookkeeping and Tax Services to multiple high net worth individuals and entities. Approximately 60%-70% of the firm’s clients are originally from outside of the United States and require FBAR and other foreign reporting. There is no foreign language requirement for this practice as all clients can communicate in English in addition to many other languages.

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.