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Tax Partner in Santa Cruz at Apple & Associates

Date Posted: 12/8/2018

Job Snapshot

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

Job Description

Well established and  highly profitable CPA firm located in Santa Cruz, CA is searching for a direct entry Tax Partner. The current owner is looking to retire and 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 typical 15% equity position.


  Location Annual Gross Asking Price Status   Santa Cruz County (CPA) $1,160,000 $1,275,000 New


• The owner is a CPA
• This practice was established in 1975
• Software in use includes Lacerte, Smart and CSA, The Number, T-Value, Timeslips, MS Office 
• Approximately 41 bookkeeping clients, generating $140,000 in revenue
• Approximately 750 individual tax returns with an average fee of $573 per return
• Approximately 174 business tax returns with an average fee of $850 per return
• Approximately 72 other tax returns with an average fee of $600 per return
• $400,000 +/- revenue is generated via audits and review, etc.
• Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $383,560
• Lease expires in October 31, 2020