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.

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

Accounting Practice in Pittsburgh, Pennsylvania

This is an accounting practice located in Pittsburgh, Pennsylvania. The practice was established in 1998 and has been in operation for over 20 years. The total gross income for the practice is $606,461 with a net profit of $150,097, including owner add backs. The purchase price for the practice is $...

Location

United States

Price

$607,000

Revenue

$606,461

Cashflow

EBITDA

SDE

Well Established Accounting Practice

This is a well-established accounting practice that offers full services to a diverse range of professional clientele. The practice has shown consistent growth year over year. The property is leased, and the owner is willing to provide training and assistance to the new owner. Please note that this ...

Location

United States

Price

$1,100,000

Revenue

$844,394

Cashflow

EBITDA

SDE

Well Established Accounting Practice

A well established Corporate & Personal Tax accounting practice of over300 clients. Ideal for an established firm to add-on or for a young accountant wanting to branch out on his/her own. Acquire this list and hit the ground running with an accounting practice of your own!

Location

United States

Price

$250,000

Revenue

Cashflow

EBITDA

SDE

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

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.