Description:
This CPA Tax & Accounting Practice for sale in the Iowa City Area has annual gross revenues of approximately $87,500. The revenues are predominately from tax work (89%) although there is a decent amount of accounting, consulting, and payroll services (11%) to provide some year-round income. There is a strong fee structure in place, and with minimal overhead expenses, the firm generates strong cash flow to owner of nearly 60% of gross. This practice enjoys a loyal client base, some who have been with the firm for 20-30 years and includes a good amount of business clients, offering continued growth through referrals and opportunity for expansion of services. Although staff will not transfer with the sale, the seller is available to assist with transition through a tax season, if desired. This is the perfect opportunity for any new or established firm in the area to acquire an established book of business or for a qualified individual looking to jump into practice ownership.