Santa Clara

Well established Enrolled Agent firm for sale in Santa Clara, CA. This firm was established in 1999 and has been in the same location for the past 6 years. Seller is looking forward to retirement but is available for transition assistance and as otherwise needed for a couple years. Firm operates using Lacerte for tax return preparation services in addition to QuickBooks and typical office programs. Gross Revenue of $1,651,920 is derived from 882 Individual Returns with an avg. fee of $1,080, plus 388 Entities with an avg. fee of $1,289 and an additional $195k of gross revenue from Bookkeeping and Consulting Services. Please see breakdown below and in more detail on the Practice Profile. Much more information is available on the Practice Profile including the 2021 P&L with Seller Discretionary items noted. 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

$2,000,000

Status

Available

Business Type

EA Firm

Gross Revenue

$1,651,920

Net + Discretionary

$686,990

Tax Prep Income

$1,453,050

Bookkeeping Income

$198,870

Other Income

Individual Clients

882

Average Fee

$1,080

Entity Clients

388

Average Fee

$1,289

Revenue Breakdown

882 - 1040 @ $1,080 avg. fee
67 - 1120 @ $1,810 avg. fee
144 - 1120S @ $1,282 avg. fee
133 - 1065 @ $1,183 avg. fee
23 - 1041 @ $911 avg. fee
15 - 706/709 @ $480 avg. fee
6 - 990 @ $1,606 avg. fee
Bookkeeping & Consulting $198,870

In addition to the Seller, there are 6 full-time employees who may remain if the buyer desires.

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.

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.