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: 44% of revenue (approx. 190 returns annually averaging $475 per T1) Majority are unincorporated farms or businesses or shareholders and family members of the CCPC’s

  • T2 Corporate Tax Returns : 39% of revenue (approx. 17 clients averaging $4,715 per T2)

  • Bookkeeping and Management Reports: 11% of revenue (approximately 14 clients at an average annual billing of $1,617)
  • Additional Billings: 3 NPO, 2 Estates, 1 Agristability totalling $12,700 of annual billings
  • Client mix: Approximately 53% virtual, 23% by mail and 24% in person meetings (mostly one time and then mailed the tax return to them when completed.)

• Established: Incorporated in 2017, this sole practitioner practice has built a loyal client base and a strong local presence and is an accredited memebr of the Association of Tax and Accounting Professionals.

• Technology:

  • Tax Software: Intuit Profile Tax Suite, TaxDome 

  • Accounting Software: QBO, Quick books online and desktop, Microsoft Office

     

• Staffing:

  • The sole practitioner works alone with no support staff

     

• Office Space:

   

  • Clients are in the Saskatoon SK and surrounding area and then another group of clients are from an area North of Yorkton near the Manitoba border

  • Seller owns a small office building near Saskatoon where most of the clients are located. The building is available for sale ($30,000) should the buyer wish to purchase but is not a condition of the sale of the practice. Due to family circumstance, the seller works from a small office in Regina which is not required for the buyer..

  • Monthly rent: $600 + HST

  • Lease month to month

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

   

This is an ideal opportunity for an individual practitioner  looking to add to his/her book of clients, or an existing  firm seeking to expand its client base by acquiring this book of clients.