I have an accounting firm in Pompano Beach, and I’ve been doing accounting and tax preparation for small businesses and individuals for over 20 years. Within the last few years, I’ve picked up some large restaurant accounts and have developed a niche for restaurant accounting. These accounts take up a lot of my time, and I’ve come to enjoy working on them.
At this stage of my career I’m not looking to become the next “big” accounting/tax firm, I don’t have that hunger I had in my 20’s and 30’s. I’ve been downsizing my client base, my employee count, and when my office lease is up in 2 years, I’ll be letting that go. I will continue to work my restaurant accounts, but will be letting go of personal tax clients and some small business tax clients.
I’ve been letting my personal tax clients know this year (when preparing their 2023 tax returns) that this will be the last year I can do them. They are all asking me for someone I can recommend, and I don’t have any friends/acquaintances/contacts that are in the same field… Hence this post.
I’m looking for someone that’s hungry and want’s clients. The perfect candidate would be someone that already has a few clients and is looking to build their client base. The individual tax clients are annual so you wouldn’t recognize any revenue from them until 2025 (when preparing 2024 tax returns). The small business clients are mixed; some are monthly, some quarterly, and some annually.
Half of these clients I picked up along the way (20+ years in practice), for example, a friend I went to high school with started a business and I start doing their business books and taxes, a year later he/she refers their parents for income tax prep, those parents bring in their parents returns, etc. The other half I got through a firm purchase about 10 years ago.
The right candidate must know how to handle all aspects of business tax filings; sales tax filing, payroll processing/payroll tax return filing, and income tax filing. If you use Quickbooks and Proseries I can provide QB backups and Proseries files as well.
I would ask for a percentage of any client billings for 2 years; (1) year 1 – 20%, (2) year 2 – 10%. After Year 2, they’re all yours!
I’d give two hours of consultation per month for Year 1, and one hour of consultation per month for Year 2. I also have some extra office space so this could be utilized for a few days a month. If you treat these clients like people and not cash registers, they’ll be yours for life.
Please send qualifications if interested. Candidate must be local.