Mike D Posted August 25, 2011 Report Share Posted August 25, 2011 I am not certain that this post is appropriate for this board, however a similar one was posted on Intuit's website http://www.taxalmanac.org/index.php/Main_Page, under business growth . I am a CPA in Nassau County, Long Island, NY and would like to purchase a small to medium, up to $100,000, tax practice in the local area. I have been in practice for over 30 years, and share a working relationship with another practitioner. Our combined practices consist of 130 personal tax returns and 20 business returns, writeups, compilations & reviews, bookkeeping, payroll tax services, etc. Anyone interested in selling, merging, etc, this type of practice should feel free to contact me directly at [email protected]. Thanks Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
Mike D Posted August 30, 2011 Author Report Share Posted August 30, 2011 For Eric. Would it be at all possible to begin a separate forum for "Tax Practices For Sale and/or Merger"? If there are no objections this may assist many of us in our plight to obtain additional business as well as save any and all commissions. Thanks Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
Pacun Posted August 30, 2011 Report Share Posted August 30, 2011 Tax practices have a 0 value. Most of the clients don't stick around with the new company. I new forum will not make sense. Quote Link to comment Share on other sites More sharing options...
GeneInAlabama Posted August 30, 2011 Report Share Posted August 30, 2011 >>Most of the clients don't stick around with the new company<< Depends on how it is handled. I bought a tax practice years ago and kept most of the clients of the preparer I bought the business from. She worked with me for the first year as an employee and it worked fine. As for having a separate forum, I don't know if it would be beneficial or not since we are scattered all over the country. It would be unusual to find a preparer that is close enough to matter that would be willing to sell their practice. I know of only one other member of this forum that is in the entire state of Alabama. I see nothing wrong with advertising on this forum to buy or sell a tax practice. Quote Link to comment Share on other sites More sharing options...
GeneInAlabama Posted August 30, 2011 Report Share Posted August 30, 2011 As K.C. has mentioned numerous times, it would be very beneficial if each one would list the state they are in. It would be even better if we listed the state and the city. Quote Link to comment Share on other sites More sharing options...
Eric Posted August 31, 2011 Report Share Posted August 31, 2011 I don't mind creating new forums, but I'd like to avoid creating one that is so infrequently used that its always empty. I'd say it's up to you guys to determine if a particular category of discussion would be active enough to sustain its own forum. Quote Link to comment Share on other sites More sharing options...
Mike D Posted September 4, 2011 Author Report Share Posted September 4, 2011 I think that this would topic would serve all of us on this board who are contemplating buying, selling or merging their practices. This could turn out to be a formidable way to conduct these type transactions without any fees. I would suggest that any transaction that once concluded should offer to contribute some fixed fee and or percentage of the price to Eric for his hard work in setting these forums up and maintaining them. I suggest that we have a poll and see where it leads us. Thanks Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
GeneInAlabama Posted September 4, 2011 Report Share Posted September 4, 2011 If someone in the Anniston/Gadsden, Alabama area were interested in buying my small practice, I would probably sell and pursue another interest. As I mentioned earlier, I only know of one other person on this board in the entire state of Alabama and I don't know his location. Quote Link to comment Share on other sites More sharing options...
Eric Posted September 5, 2011 Report Share Posted September 5, 2011 Anyone want to come up with a forum name and description? Is there anything else industry specific that one might want to buy or sell? Just trying to figure out whether the forum's focus can be widened to include any other types of transactions. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted September 5, 2011 Report Share Posted September 5, 2011 Maybe preparers wanting tax season work, or even off-season work. And, the corresponding firms needing an extra preparer, full-time or part-time, for the busy season. Quote Link to comment Share on other sites More sharing options...
taxit Posted September 6, 2011 Report Share Posted September 6, 2011 I don't know how much time and effort it takes to set up a new forum. So I think you before you take your time you should see if there is any real interest. This subject was started Aug. 25th and there has only been 9 responses and only 2 of those were about purchasing/selling a tax practice. At this level of activity the General Chat Forum should work fine. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted September 6, 2011 Report Share Posted September 6, 2011 I think that this would topic would serve all of us on this board who are contemplating buying, selling or merging their practices. This could turn out to be a formidable way to conduct these type transactions without any fees. I would suggest that any transaction that once concluded should offer to contribute some fixed fee and or percentage of the price to Eric for his hard work in setting these forums up and maintaining them. I suggest that we have a poll and see where it leads us. Thanks Mike Dubin CPA did you get my private message last week? Quote Link to comment Share on other sites More sharing options...
Mike D Posted September 6, 2011 Author Report Share Posted September 6, 2011 Michaelmars, I did not receive any correspondence directly from you? I did however receive a direct emeil from Jeri in St Louis whom I responded to. Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
michaelmars Posted September 6, 2011 Report Share Posted September 6, 2011 i resent a private message Quote Link to comment Share on other sites More sharing options...
Mike D Posted September 6, 2011 Author Report Share Posted September 6, 2011 michaelmars Yes I did respond to you. I didn't recognize the email. Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
samingeorgia Posted September 7, 2011 Report Share Posted September 7, 2011 Perhaps it would be helpful to have a separate section devoted to how practitioners deal with the challenges we all face, especially the process of transition out of practice. How can we get the most out of what we have worked for? What's best for the clients? How do you find young people who can think and solve problems, deal with clients, and who want to do this work? Quote Link to comment Share on other sites More sharing options...
michaelmars Posted September 8, 2011 Report Share Posted September 8, 2011 i haven't received any private messages. you can call me at 516-829-3253 Quote Link to comment Share on other sites More sharing options...
Eric Posted September 12, 2011 Report Share Posted September 12, 2011 If i can get some suggestions for the name and description for the new forum, I'll make it happen Quote Link to comment Share on other sites More sharing options...
Mike D Posted September 12, 2011 Author Report Share Posted September 12, 2011 On Tax Almanac's Board they have a forum titled "Business Growth Community". They cover topics such as, How to become a tax preparer? Tax Court Bar Exam Enrolled Agent Exam Wiley books Fees in taking over business Non payment of Tax Prep When e-filing isn't permitted Registered Tax Return Preparer test Just my luck...CPA eligible What's wrong with Bookkeeping? Hiring issues Crossing the Rubicon-CPA exam Practice Wanted Anyone take EA exam part II recently? CTEC Online Education EA exam Need some assistance starting Tax Firm in Illinois... Liability Insurance, EFIN, Pricing It's been a while SaaS - CS Thomson vs CCH Bringing Family Members to Firm Due Date Monitoring - Thomson Firmflow Charging interest for late paying clients DMS solutions 100 Questions on different Marketing Plans Need alternative to emailing 1040's Sterling Practice Management Program Home or Commercial Office Practice Anyone using Charter Cable telephone Gold and the Cost of a Nice Mens Suit Who can actually sign a payroll tax return? Tax Practice for Sale North Houton CPA vs EA and Yaeger CPA review course Anybody attend the NAEA national convention this year? Practice For Sale Work Experience Requirements for IL Charitable organization set up Unlimited cpe study courses accepted in IL Practitioner hotline wait time Removing credit priveleges Marketing Resources What's your ideal firm size? How much growth is too fast? Starting A CPA firm from scratch Payroll software My Responsibility? Buying a practice - advice needed Tax Software Survey results 15 Year Non-Filer Requests from lendors for proof of self employment Website/ Telephone CPA Trendlines Anyone interested is viewing all of the content go to www.taxalmanac.org/index.php/Discussion_Forum_-_Business_Growth_Community. Thanks Eric. Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted September 13, 2011 Report Share Posted September 13, 2011 I like that suggestion, Mike. The topic is broad enough that it might generate more than just an occasional post, and yet it does define a topic other than tax questions. Quote Link to comment Share on other sites More sharing options...
Eric Posted September 15, 2011 Report Share Posted September 15, 2011 Consider it done! Quote Link to comment Share on other sites More sharing options...
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