Practice for Sale – Established Bookkeeping and Tax Practice. This is not a virtual practice and it is recommended that the buyer be located in the same general area. D
 

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

Key Highlights:

• Service Breakdown:

  • T1 Personal Tax Returns: 4% of revenue (approx. 115 returns; annual billing of $10,000) 

  • T2 Corporate Tax Returns : 24% of revenue (approx. 115 clients; annual billing of $59,000)

  • Bookkeeping & Compilations : 51% of revenue (approximately 115 clients; annual billing of $126,100)
  • Payroll processing: 5% of revenue (approximately 25 clients; annual billing of $11,500)
  • Other: Consulting and other services: 16% of revenue (annual billing of $40,000)

• Established: 

  • Incorporated in 2005, this sole practitioner practice has built a loyal client base and a strong local presence. 

• Technology:

  • Tax Software: Taxprep

  • Accounting Software: Quick books online, Microsoft Office

     

• Office Space and staffing:

  • 761 SF of office space in a professional building in downtown St Albert

     

• Financials: Consistent annual billings and profitability, with a strong emphasis on customer satisfaction. Billings forecast for fiscal year ending January 31, 2027 are $343,000. Currently trending at $30,000 per month billings

   

         Ideal Buyer: Seller is not designated and due to the number of compilations, it is recommended the buyer be a CPA and able to sign compilation engagements

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.