About This Practice
This is a very well-established owner operated practice currently focused solely on US Individual Tax. Profitability is exceptionally high and very consistent at ~85% year over year. The practice is currently home office based with 95+% of clients serviced remotely allowing the practice to be operated from virtually anywhere. The current owner has chosen to maintain the practice as-is however tremendous growth opportunities exist for the practice. A buyer could readily capitalize on the demand for US tax work, and add in the Canadian tax work associated with most existing clients and their spouses/family members. Equally a new owner could leverage the referrals and reputation with some social advertising to grow the client base in this high-demand niche. Referrals are common and often turned away due to the chosen capacity of the owner. The client base is longstanding and loyal with 85+% of clients being 5 years or more. There are no employees. Yearly owner hours are very low at ~1000/year or less, with most hours focused March through May as expected. Clients pay on time. No AR.
Strong US Individual tax experience and knowledge of US tax law is required. The buyer will also have strong general business knowledge. This is an excellent opportunity for a buyer looking to move into their own practice and wants to fast-track to a strong client book. Equally, this is an excellent opportunity for a buyer looking to expand their US individual tax client base. Strong relationship building qualities are a must. A personable and professional demeanor will provide the client base with the familiarity of personal service they often note as something they value and appreciate.
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