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Tax Partner

Company: Cameron Craig Group
Location: Burbank
Posted on: October 8, 2018

Job Description:

Well established and highly profitable EA (Enrolled IRS Agent) firm located in Burbank, 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.Description: Burbank (EA) $800,000 $960,000 Available Description: • The owner is an EA• This practice was established in 1996 • Software in use includes Lacerte and Quickbooks• Bookkeeping portion of business generates $100,000 of the gross revenue• Approximately 770 individual tax returns with an average fee of $500 per return• Approximately 205 business tax returns with an average fee of $ 660 per return• Other tax returns generate $75,000 of revenue• $100,000 +/- revenue is generated via payroll processing• Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $406,123• Lease expires in 7/31/2019; lease can be assumed

Keywords: Cameron Craig Group, Burbank , Tax Partner, Accounting, Auditing , Burbank, California

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