Tax Partner in Charlotte at Apple & Associates

Date Posted: 11/8/2018

Job Snapshot

  • Employee Type:
  • Location:
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Well established and  highly profitable CPA firm located in Charlotte, NC, is searching for a direct entry Tax Partner. The current owner is looking to sell the practice.  Candidates must be a public accounting Tax Manager or Partner who is a licensed CPA or EA with a FICO score of over 750 and no prior bankruptcies, in order to qualify for an SBA loan for 75% of the value of the practice. No cash is required as a private investor will put up all cash and add value in many other ways in return for a limited equity position.

Business Description

Purchase Price: $743,750 – Financing available to qualified applicants. Various programs available.  Call for details.

P/R: 52, Ave Fee: $98, Total: 5,096
Monthly Clients: 70, Avg Fee: $270, Total: $198,492
Quarterly Clients: 5, Avg Fee: $420, Total: $2,100
Annual Clients: 2, Avg Fee: $1,500, Total: $3,000

Income Tax:
Individuals: 330 Avg Fee: $300, Total: $99,000
Businesses: 161 Avg Fee: $850, Total: $136,850
Other: 10 Avg Fee: $750, Total: 7,500

Audit, Reviews:
Reviews:  Total: $1,000
Audits subcontracted out: 0

Other Services: 
IRS & State representation:  Total:  $110,000
General consulting:                Total: $101,000 

Total Gross Income: $664,038

Description of area: Charlotte, NC - a fast growing market and one of the fastest growing markets in America.

Description of clientele: Diverse, professionals - Doctors, attorneys, etc. Contractors, entrepreneurs, etc.

Other Information: Many of monthly and quarterly clients fees are drafted from their bank accounts. In December we draft year-end fees (corp tax) from many clients bank accounts.