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About Practise

This four-partner CPA firm is a boutique tax practice specializing in accounting and tax services for mid to high-net-worth families and their entities. The firm’s services include equity compensation tax services for tech and biotech founders, S-Corp formation, and foreign income reporting. The firm’s owners have meticulously designed every aspect of the business to ensure top-quality work, high productivity, and exceptional customer service. The service mix is 57% personal tax returns, 29% business tax, and the rest of the book consists of consulting and accounting services. 2023 gross income was $3,344,783 and on accrual basis was $3,687,000. Their average revenue growth is approximately $400,000 for the past three years. Firm Highlights: 4 CPA owners and over 10 highly qualified employees The management team has 7-29 years of experience at the firm All owners are available and flexible to stay with the practice post-sale either full or part-time 5% growth YTD in cash receipts – the firm typically grows about $400,000 a year and with extra capacity, the growth can be much higher. Their referral network of professionals has been fostered for over 30 years including investment advisors, specialty investment firms, tax attorneys, and realtors Many long-term clients have large family networks and have net worth’s ranging from $25 million to several hundreds of millions. The age range, longevity, and personal wealth of these clients is highly desirable. The average tax return preparation fee for personal and business is approaching $5,000 per return. Ideal Buyer: he owners have created and built a proven operation that clearly stands out in the industry as a leading provider and brand. The ideal Buyer will be business savvy, a proven leader, and will have strong experience in operations and strategic business development. A buyer should be adept at working with high-net-worth clients, ranging from $25 million to several hundreds of millions, and will need to be skilled in coaching the founders through rapid growth and exit strategy (including IPOs). Strong recruiting skills will be ideal for quickly expanding capacity and fostering growth. A buyer who appreciates the qualities of this 30+ year firm and shares a passion for the tax accounting business will excel. There are many buyer scenarios for this firm including a larger CPA firm, private equity or individuals with strong tax experience. An Ideal Buyer will effectively manage the practice and allow the partners to focus on technical work and client service. This is a rare opportunity for a buyer seeking an exemplary practice with the highest level of client service.