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Tax Partner

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Location
San Francisco, CA
Salary
$200,000 - $300,000
Job Type
Direct Hire
Degree
Bachelor of Science
Date
Jul 16, 2018
Job ID
2609715
Well established and  highly profitable CPA firm located in San Francisco for a direct entry Tax Partner. The current owner is looking to sell the practice as he is soon retiring.  Candidates must be a public accounting Tax Manager or Partner who is a licensed CPA with a FICO score of over 750 and no prior bankruptcies, in order to qualify for an SBA loan for 75% of the value of the practice. No cash is required as a private investor will put up all cash and add value in many other ways in return for a limited typical 15% equity position.

Description:

Sales asking price $900K

• The owner is a CPA
• This practice was established in 1985
• Software in use includes Lacerte, CFS, QB's, CS Accounting, Office Tools Pro, Microsoft Office Suite, PDF Converter, TValue5
• Approximately 577 individual tax returns with an average fee of $765 per return
• Approximately 300 business tax returns with an average fee of $1,500 per return
• Approximately 59 other tax returns with an average fee of $930 per return
• $64,600 +/- revenue is generated via consulting
• Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $912,000
• Lease expires in N/A. MTM; long-term lease available