Description:
• This practice lends itself well as a bolt on to an existing practice in Colorado or Maryland as well as a virtual practice from anywhere. Clients are fully accustomed to remote service delivery as that has been the model for eight years. • Single-owner CPA practice in vibrant, growing community • Majority of clients are out-of-state with heaviest concentration in and around Bethesda, MD • 92% Tax Preparation (67% Individual; 31% Business; 2% Other); 8% Bookkeeping/Payroll • Cash flow to owner before potentially duplicate expenses is exceptional for this home-based business at 78% of gross revenue • Practice utilizes UltraTax and AccountantsWorld Payroll software • No employees • Practice is operated out of seller's home • Seller is looking forward to retirement • Seller maintains all files electronically and anticipates being able to assist the buyer in any location through an appropriate transition period to maximize knowledge transfer and client retention