Navigating the Purchase of Accounting and Tax Practices

Acquiring an accounting business or tax practice requires careful analysis of the industry and its current dynamics. This article provides an insightful guide for those considering such a venture, emphasizing the operational, financial, and strategic factors to consider.

The acquisition of an accounting firm or tax practice is a strategic move for those looking to enter or expand within the financial services industry. It entails examining the firm's client base, service offerings, and market position. Buyers should evaluate the reputation of the business, the expertise of its workforce, and the robustness of its operational systems. The financial health of the firm, including revenue streams, profitability, and potential liabilities, is also paramount. Furthermore, understanding regulatory compliance and the impact of technological advancements on the sector is crucial for long-term success.

Professional Accounting Sales

Professional Accounting Sales is a full-service firm located in the Atlanta-Suwanee area. They specialize in providing stable tax services for personal, s-corps, c-corps, trusts, partnerships, and a large volume of 990 and 990T organizations. The firm utilizes UltraTax, Practice Solutions, and Advan...

Location

United States

Price

$1,495,000

Revenue

$1,200,000

Cashflow

EBITDA

SDE

17yr Old Reputable Accounting Practice

Located in Fairfax, Virginia, this accounting practice has been in business since 2006, serving over 6,000 customers. With 17 years of experience, the firm has established a reputation for excellent service and strong customer relationships.

Location

United States

Price

Revenue

$1,240,000

Cashflow

$1,240,000

EBITDA

$1,240,000

SDE

Established Accounting Firm

This is an impressive, well-respected accounting firm located in south western Illinois. The firm has been in operation for over 52 years and specializes in accounting services, auditing, check writing, income tax preparation, and payroll tax preparation. The firm also includes property as part of i...

Location

United States

Price

$250,000

Revenue

$90,388

Cashflow

EBITDA

SDE

Long Established Accounting Firm

This long-established accounting firm located in Northern Wisconsin offers a diverse range of accounting services. They specialize in small business income tax preparation and planning, bookkeeping, payroll, fiduciary, non-profit tax returns, and individual returns. The firm operates from a seller-o...

Location

United States

Price

$130,250

Revenue

$133,000

Cashflow

EBITDA

SDE

$80,000

Boutique Accounting Firm

This business is a boutique accounting firm located in St. Louis, Missouri. They have been in business for 25 years.

Location

United States

Price

$201,000

Revenue

$175,000

Cashflow

EBITDA

SDE

Purchasing an accounting or tax practice is a complex process that demands a comprehensive approach. Prospective buyers must conduct thorough due diligence to ensure the business aligns with their objectives and has a stable foundation for future growth.