Practice for Sale – Established Bookkeeping and Tax Firm
Presented by Alan Liverman

We are pleased to present an excellent opportunity to acquire a well-established and profitable tax and accounting practice with a solid reputation for outstanding client service.

Key Highlights:

• Service Breakdown:

  • T1 Personal Tax Returns: 19% of revenue (approx. 850 returns annually averaging $150 per T1)

  • T2 Corporate Tax Returns : 9% of revenue (approx. 45 clients averaging $1,450 per T2)

  • Payroll processing: 3% of revenue (approximately 22 clients at an average annual billing of $950)
  • Bookkeeping and Management Reports: 67% of revenue (approximately 55 clients at an average annual billing of $8,300)

• Established: Founded in 1975, the practice has built a loyal client base and a strong local presence.

• Technology:

  • Tax Software: Taxcycle ,Titan secure portal, Adobe e-signature 

  • Accounting Software: QBO, Quick books online and desktop. HubDoc, Plooto, Jobber, Microsoft 365

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• Staffing:

  • Five full-time employee year-round and one part-time in tax season

     

  • Staff work almost entirely on-line however buyer must be able to work from the office

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• Owner Involvement: Full time 

• Office Space:

  • Approximately 1000 square feet

  • Monthly rent: $2,500 + HST

  • Lease assumable

• Financials: Consistent annual billings and profitability, with a strong emphasis on customer satisfaction.

   

This is an ideal opportunity for an individual practitioner who is a CPA and looking to grow, or an existing CPA firm seeking to expand its client base by acquiring this book of clients.