Three well established, highly profitable CPA firms in the San Francisco East Bay area need a strong Tax Manager / Partner ready to move into direct entry Partnerships. The soon to be retiring owners of the firms have a large, well established book of business consisting of small businesses and individual tax clients. A CPA or EA license is required. The Tax Manager / Partner will be in charge of tax compliance, planning, review and preparation; and will supervise a small staff of Tax Accountants, bookkeepers, and administrative personnel. They will have direct client contact and responsibility for client representation with the IRS and state tax agencies. Requires candidates with both strong tax technical skills and a very good credit rating, as they will typically need 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 the additional cash required in return for a limited equity position. The firm will consider out of town candidates, although local candidates are preferred.
Experienced staff in place and sellers can be available to assist or work in the practices as needed to ensure a smooth transition. The revenue / adjusted gross incomes of the firms are approximately $2MM / $700K, $400K / $200K, and $600K / $250K. Will consider individual firm acquisitions, or a combined acquisition of two or three firms. All are located within a comfortable radius in the greater East Bay area. These firms have a strong and positive reputation. Long-standing and family generational clientele. Revenues have been consistent and stable.
Positions available nationwide for Tax Managers looking to purchase CPA firms from retiring Partners.
Salary : $150,000 – $500,000