September 18, 2024

Classifieds

PRACTICES FOR SALE

McAllen, Texas CPA ready to retire. Fifty-eight (58) year well established CPA practice. Consisting of approximately 500 clients, 100% concentration on tax, client write-up and financial statements. No auditing.

(Self-financed), building rental is mandatory (great location) and purchase of building is optional after three years (3) of rental (self-financed). Serious inquiries only. Consultations by appointment only. 956-682-3252


Accounting Biz Brokers offers the following listings for sale:

  • Waco County gross $356k (New)
  • Johnson County gross $650k (New)
  • Eastern Brazos Valley gross $750k (New)
  • NW Dallas County gross $1.09M
  • Permian Basin area gross $245k
  • Ark-La-Tex area gross $1.2M
  • North San Antonio gross $610k
  • Texas County, OK gross $385k (Reduced)

Contact Kathy Brents, CPA, CBI, Office 866-260-2793 - Cell 501-514-4928

Kathy@AccountingBizBrokers.com, Visit us at www.AccountingBizBrokers.com

Member of the Texas Society of CPAs and Member of the Texas Association of Business Brokers


BUYING‐SELLING PRACTICES throughout Texas for over 40 years … Offering 95% conventional bank financing to buyers, so our sellers can cash out at closing! We only get paid for producing results! Confidential, prompt, professional. Practices available throughout Texas ... Contact Leon Faris, CPA ... PROFESSIONAL ACCOUNTING SALES ... 972‐292‐7172 … and visit our website: www.cpasales.com for the latest listings and information.


Texas Practices Currently Available Through Accounting Practice Sales:

North America's Leader in Practice Sales, Toll Free 1-800-397-0249

See full listing details and inquire/register for free at www.APS.net.

NEW $142,000 gross. NW of Houston. Owner looking to make a career change and available for transitional help. REMOTE, loyal, long-term and friendly clients with EXCELLENT year-round cash flow. Value-based billing fees paid by clients upfront before work starts. The service mix includes tax (27%), accounting (60%) and other (13%). Perfect for buyer looking to go out on their own or an existing practice to add easy revenue. TXS5345

NEW $490,000 gross. Far North Dallas CPA practice. Approx. 80% total revenue is derived from businesses and overall, nicely mixed between tax work (38%), audits (12%) and accounting/bookkeeping services (40%) generating year-round income. Knowledgeable staff in place, including two CPAs for a smooth transition. No long-term leases. Cloud-based systems. Turn-key opportunity for CPA ready for business ownership or profitable addition for any firm. TXN5200

NEW $217,000 gross. SE Houston CPA practice. Owner available for transitional assistance. Primarily a tax practice with loyal, great paying clientele. Exceptional cash flow with continuous referrals from financial planning practice. Great reputation in the area with excellent growth possibilities. Turn-key opportunity for an individual looking to start with a wonderful book of business. TXS5323

NEW $1,137,000 gross. South Plains Texas CPA practice. Long-standing CPA practice with two owners. 62% tax preparation (66% individual and 34% business returns), 38% bookkeeping. Cash flow to owner is 42% of gross revenue. Practice utilizes Sage and Lacerte. Three FT degreed accountants who do tax preparation and write-up. Four FT non-degreed accountants who do tax preparation and write-up. One FT office assistant. Office space is owner-occupied. Seller is open to selling or leasing space to new practice owner. Owners are looking forward to retirement after long, successful careers. Owners anticipate assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention. TXW5320

NEW $600,000 gross. Waxahachie, TX CPA practice. This rapidly growing practice caters to a high-quality client base composed largely of businesses and business owners. It has strong fees and revenues are desirably balanced between services. More than 45% of the income is monthly bookkeeping services, 5% from annual accounting, and 50% from tax preparation and other tax services. Perfect-sized, turn-key opportunity for anyone looking to grow a profitable practice in a thriving community just outside of the DFW metroplex. Highly skilled, experienced staff in place to provide continuity and capacity for continued expansion! TXN5297

NEW $60,000 gross. The Woodlands CPA practice. Owner available for transitional assistance. This is primarily a tax practice with well-trained, great paying professional clients. Excellent cash flow with opportunities to grow in other services if buyer decides. Turn-key opportunity for an individual looking to start with a wonderful book of business. TXS5280

NEW $350,000 gross. NW Houston tax and accounting practice. Owner available for transitional help. Service mix includes tax (87%), accounting (9%) and other (4%). Year-round cash flow with support staff in place. Prime location with an excellent reputation in the community for addressing complex tax and accounting issues. Ideal opportunity for either an individual looking to get into practice ownership or an existing firm looking to add revenues. TXS5269

NEW $153,000 gross. NW Houston CPA audit practice. Transitional assistance available from owner. This is primarily an audit practice that caters to small-medium sized organizations. Great cash flow, with engagement letters in place through 2025. Buyer will need to be able to visit client locations in the greater Houston and Dallas areas. Turn-key opportunity for an individual looking to start with a wonderful book of business. TXS5263

NEW $1,125,000 gross. Montgomery Co. CPA firm. Owner seeking retirement and available for transitional assistance as agreed with CPA buyer. The service mix includes tax (70%) and accounting (30%). Well established firm with a great reputation in the community and year-round exceptional cash flow with ample opportunity to grow. Knowledgeable staff in place to transition CPA buyer. Great for experienced CPA looking to get into practice ownership or an existing CPA firm looking to add revenues. TXS5241

NEW $130,000 gross. Bryan-College Station area tax practice. Owner available for transition as agreed with buyer. This is a tax practice with international clients in the TAMU community. Experienced EA staff ready to support buyer after closing. Great cash flow with opportunities to grow in accounting and bookkeeping. Buyer has flexibility to operate the practice from a nearby location. Turn-key opportunity for an individual looking to start with a wonderful book of business. TXS5283

$517,000 gross. Ellis County, TX/South of Dallas CPA practice. Well-established CPA practice in desirable community south of Dallas with mix of high-quality, loyal individual and business clients. Revenues derived from 85% profitable tax preparation work. Year-round income from monthly accounting services. Strong fees and capable, experienced staff in place. Ideal opportunity for any CPA to start or expand in this thriving area of the DFW metroplex. TXN5096

$495,500 gross. Fort Worth CPA practice. Loyal client base. 70% tax work and 30% accounting services. Rapid, consistent growth combined with an experienced staff make this an exceptional opportunity. TXN1626

$285,000 gross. Brazoria County CPA practice. Revenues derived from 94% tax work and 6% accounting. Knowledgeable staff in place for smooth transition with new owner. TXS1326

$1,303,000 gross. Midland-Odessa CPA practice. Revenues derived from 40% tax, 40% bookkeeping, 4% franchise reports and 16% payroll. Cash flow to owner 57% of gross. One owner is retiring, one owner is staying full time and all staff will assist in transition. TXW1034

$861,000 gross. Bryan-College Station CPA firm. Owner looking to sell to focus on consulting business. 2023 gross revenue estimated over $900K! The service mix includes tax (57%), accounting (38%) and other (5%). Solid reputation in the community with growth opportunities. Knowledgeable staff in place for smooth transition. Buyer can lease or buy building. TXS5067

$410,000 gross. Brownwood, TX CPA practice. High-quality client base made up of large businesses provides room for growth. Balanced revenues of tax work (66%), accounting (14%) and other services (14%). TXN1638

$209,600 gross. Plano, TX CPA practice. Located in a desirable community. Nice mix of revenues for year-round cash flow. 80% tax prep, 10% accounting services, 10% consulting/payroll/other services. Seller assisted transition. TXN1624

$2,380,000 gross. West Texas firm. Highly motivated multi-owner CPA firm. Revenue mix is 15% accounting services, 27% tax preparation (approx. 50/50 individual and business) and 58% attest services. Cash flow to owner solid 54% of gross. Large tenured staff and owner available to assist during transition. TXW1030

$750,000 gross. West of Houston CPA firm. Primarily tax 88% with desirable year-round income from accounting and other work 12%. Great cash flow and knowledgeable staff ready for an owner assisted transition. TXS1319

$347,000 gross. Galveston County CPA. Owner available for transition as agreed with CPA buyer. 2024 gross revenues estimated to be $358,000! Service mix includes tax (71%), bookkeeping (15%), audit/review (9%) and other (5%). Year-round work with excellent cash flow! Prime location in a wonderful community. Turn-key practice with experienced staff in place and office available for lease. Opportunity for an individual CPA buyer looking to go out on their own or existing CPA firm wanting a new location. TXS1287

$354,000 gross. South Plains CPA practice. Single owner CPA firm with loyal clients. Revenues derived from 66% tax and 34% bookkeeping. Solid cash flow to owner of almost 60% gross. Full-time staff and leased office space available. TXW1033.

$1,208,000 gross. Heart of Texas CPA firm. Tax preparation is 85-90% of revenue each year, approx. 2/3 of this is individuals. The rest is business and trust returns. Bookkeeping is 10-15% of revenue. Owner's discretionary cash flow is 48% of revenue. Five employees staying and seller will transition for agreed time. TXC1077

ACCOUNTING PRACTICE SALES

For more information, call toll free 1-800-397-0249

See full listing details and inquire/register for free at www.APS.net.


PRACTICES SOUGHT

SEEKING CPA FIRM SELLERS

Selling in 2024? Accounting Biz Brokers has GREAT NEWS for you! Accounting Biz Brokers has been selling CPA firms for over 19 years and we know your market. Selling your firm is complex. We can simplify the process and help you receive your best results! Our “Six Steps to Success” process for selling your firm includes a personalized, confidential approach to bringing you the "win-win" deal you are looking for. Our brokers are the only Certified Business Intermediaries (CBI) specializing in the sale of CPA firms in the nation! When you are ready to sell, we have the buyers, financing contacts and the experience to assist you with the successful sale of your firm! Contact us TODAY to take the first step!

Kathy Brents, CPA, CBI

Office 866-260-2793, Cell 501-514-4928

Kathy@AccountingBizBrokers.com, Visit us at www.AccountingBizBrokers.com

Member of the Texas Society of CPAs and Member of Texas Association of Business Brokers


BUYING OR SELLING? First talk with Texas CPAs who have the experience and knowledge to help with this big step. We know your concerns and what you are looking for. We can help with negotiations, details, financing, etc. Know your options. Visit www.APS.net for more information and current listings. Or call toll-free 800-397-0249. Confidential, no-obligation. We aren’t just a listing service. We work hard for you to obtain a professional and fair deal.

ACCOUNTING PRACTICE SALES, INC., North America's Leader in Practice Sales


MISCELLANEOUS

Clarus Partners - National Sales Tax Compliance and Advisory firm

Do you have questions about sales tax? Need help with multistate compliance after Wayfair? Taxability issues? Audit defense? Refunds? Business registration and licensing compliance? Voluntary disclosure?

Let us be a resource for your firm and your clients. Clarus Partners is a national sales tax compliance and advisory firm. With offices across the U.S., our four partners have a combined 100+ years of experience in this arena. Let us know any way we can help.

Steve Hanebutt, CPA, Clarus Partners

This firm is not a CPA firm

972-422-4530, claruspartners.comstevehanebutt@claruspartners.com


Michael J. Robertson, CPA, Texas Sales and Mixed Beverage Tax Solutions

Client audited, liability, needs a review, we have found errors and changed the liability. Does your client have a compliance issue or general question about sales tax? Call our team of sales tax experts. Our team provides over 100 years of experience with the Comptroller of Public Accounts as former auditors and supervisors. We work to ensure a fair audit. Should your client need a payment plan, we’ll negotiate with the Comptroller of Public Accounts.

Call 817-478-5788 or 214-415-4333, Texas Sales and Mixed Beverage Tax Solutions


Classified Advertising in Today’s CPA

TXCPA offers opportunities to advertise in the Classifieds section of Today’s CPA magazine. For more information and to place a classified ad, please contact DeLynn Deakins at ddeakins@tx.cpa or 800-428-0272, ext. 250, 972-687-8550 in Dallas.

 

 

  • The Future of CPA Licensing: TXCPA Members in Action at the State Capitol

    With the profession facing a talent shortage, legislative efforts are underway to introduce alternative pathways to licensure. Additionally, bills have been introduced to address CPA mobility and practicing accounting across state lines. TXCPA members took action at the Texas Capitol to address and emphasize the importance of these initiatives in strengthening the profession.
    View Article
  • CPE: Corporate Codes of Conduct - Similarities and Differences, and Implementation and Communication Strategies

    Codes of conduct serve as essential guidance for organizations, ensuring ethical behavior, regulatory compliance and corporate integrity. This article examines the significance of codes of conduct, highlighting examples from Fortune 500 companies. Effective implementation involves executive endorsement, ongoing communication and integration, and reinforcing accountability.
    View Article
  • Build on Our Momentum

    During TXCPA's 2025 Advocacy Day at the state Capitol, CPA professionals met with legislators to discuss proposed legislation on alternative CPA pathways and mobility. These efforts strengthened relationships with lawmakers, positioning CPAs as trusted advocates for the profession. The positive feedback from legislators reflects the impact of these advocacy efforts.
    View Article
  • Assessing AI From a Tax Perspective, Part 2

    In part 2 of a series, this article examines the risks and limitations of using AI in tax preparation. While AI tools like ChatGPT, Copilot, Perplexity, and TaxGPT can assist with tax research, their accuracy depends on precise prompts and professional oversight. Responses are often outdated, misleading or incorrect, posing risks to professionals who rely on them without verification.
    View Article
  • Understanding Sustainability Accounting Standards Board Standards

    The Sustainability Accounting Standards Board (SASB) provides industry-specific guidelines for companies to report on ESG factors that impact financial performance. Companies use SASB metrics to enhance investor transparency and manage ESG risks. While SEC regulations on sustainability remain pending, over 3,000 companies worldwide have voluntarily adopted the standards to improve corporate performance.
    View Article
  • What’s Happening Around Texas - March-April 2025

    TXCPA chapters across Texas hosted various events to engage members and support future CPAs. TXCPA Dallas held a Coffee & Connections event, while TXCPA East Texas members inspired students at UT Tyler’s Beta Alpha Psi meeting. TXCPA Fort Worth welcomed new licensees at a luncheon and in San Antonio, members celebrated new iDEAL graduates and elected the 2025-2026 Officers and Directors.
    View Article
  • Navigating Timekeeping Compliance in Government Contracting

    Texas contractors receiving government funding must maintain rigorous accounting practices, particularly in timekeeping and labor distribution, to ensure they are adhering to federal regulations. CPAs and finance professionals play a crucial role in enforcing applicable standards. Mastering timekeeping is essential to help meet federal standards and uphold the integrity of taxpayer-funded projects.
    View Article
  • Spotlight on CPAs: Shilpa Boggram Sathyamurthy, CPA-Houston, CA

    Shilpa Boggram Sathyamurthy is an accounting profession leader with experience in both public and industry accounting. In this Spotlight on CPAs article, she discusses the differences in their focus, workload and learning opportunities. She also actively contributes to TXCPA through committee service, valuing collaboration and professional development.
    View Article
  • Do New SEC Disclosure Requirements for Share Repurchases Dilute Their Benefit?

    The SEC introduced new disclosure requirements for share repurchases, aiming to increase transparency. Under the updated rules, companies must now disclose daily repurchase data in quarterly reports. Companies must also disclose whether insiders traded in the four days before or after announcing a buyback. The rules do not specifically address accelerated share repurchase programs.
    View Article
  • Custom Reporting Solutions for ASC 842 Lease Accounting

    ASC 842 compliance remains challenging as organizations manage complex lease portfolios and multiple accounting systems. While standard software offers reporting features, many require custom solutions to integrate specific accounting attributes and enhance internal controls. Using a structured approach to developing custom reports can help improve efficiency and support the decision-making process.
    View Article
  • 2024-2025 Accounting Education Foundation Scholarship Recipients

    The TXCPA Accounting Education Foundation (AEF) awards scholarships to outstanding students, providing not only financial aid but also connections to a supportive community of experienced professionals. Congratulations to these exceptional students for their dedication and commitment to excellence!
    View Article
  • Take Note

    In this edition of Take Note: How to Get the Latest Updates on BOI Reporting; Safeguard What Matters Most; Accountants Confidential Assistance Network; Advocacy Day and Midyear Leadership Council Meeting; TXCPA Career Center; CGMA® Designation
    View Article
  • Classifieds

    The classified ad section features listings for practice owners looking to sell, professionals seeking firms to purchase and a variety of specialized services. Whether you're looking to expand, sell or explore niche opportunities, these classified ads can connect you to valuable business prospects and resources.
    View Article

CHAIR
Mohan Kuruvilla, Ph.D., CPA

PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM

CHIEF OPERATING OFFICER
Melinda Bentley, CAE

EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA

MANAGER, MARKETING AND COMMUNICATIONS
Peggy Foley
pfoley@tx.cpa

MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa

COLUMN EDITOR
Don Carpenter, MSAcc/CPA

DIGITAL MARKETING SPECIALIST
Wayne Hardin, CDMP, PCM®

CLASSIFIEDS
DeLynn Deakins

Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa

 

Editorial Board
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, CPA-Dallas;
Lucas LaChance, CPA-Dallas, CIA;
Nicholas Larson, CPA-Fort Worth;
Anne-Marie Lelkes, CPA-Corpus Christi;
Bryan Morgan, Jr, CPA-Austin;
Stephanie Morgan, CPA-East Texas;
Kamala Raghavan, CPA-Houston;
Amber Louise Rourke, CPA-Brazos Valley;
Shilpa Boggram Sathyamurthy, CPA-Houston, CA
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPA-Houston.

CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Holly McCauley; Craig Nauta; Kari Owen; John Ross; Lani Shepherd; Patty Wyatt

 

Your TXCPA membership has not been renewed for 2025 -2026. Renew now.