Business Description

A well-established CPA in Westwood is retiring after 38 years and seeking a qualified CPA with tax and accounting experience to take over the business in January 2025. The practice handles a significant volume of tax returns, utilizing software such as Lacerte for tax preparation, QuickBooks for accounting, JetPack for practice management, and SmartVault for client portal services. The office, located on Wilshire Blvd, serves a diverse client base including individuals, LLCs, partnerships, and corporations, generating substantial revenue from tax and accounting services. The retiring CPA is offering a smooth transition to the buyer to maximize client retention, with a guarantee of the first year's gross revenue. The practice predominantly serves clients who upload tax documents to the portal, with only a small number of annual in-person visits. The office lease is set to expire in June 2025, making this an ideal opportunity for a CPA with an established business and adequate staffing to take on this acquisition. The potential buyer should be prepared to handle