LaSalle County (Illinois Valley), IL Tax and Accounting Practice

This well-established practice, run by the same pair of owners since inception, has been providing top shelf tax, bookkeeping, and consulting services to individuals and local businesses for 40 years. With minimal overhead, this practice generates an extraordinary cash flow to the two owners nearing 80% of gross!  Revenues are predominantly derived from tax work (67%), but a desirable amount of accounting and consulting work (33%) helps to keep a solid source of year-round income. The firm has been taking on new business consistently in recent years and is poised to continue growing if a buyer were to run it in a similar fashion going forward. Additionally, the sellers are willing to be available with a new buyer through another tax season to maximize client retention.

The practice owners pride themselves on providing exemplary customer service rarely seen today, seldomly turning away clients, and always going the extra mile. During tax season, the majority (80%) of the 1040’s are serviced via a prescheduled appointment and the final product is available for pick up within a couple days at the latest, or mailed to those who are outside of the general area. The business accounts, which vary across a wide variety of industries, generally drop off their information monthly and are also timely in paying leaving very little A/R.