Tax Manager - Direct Entry Partner

Location: Houston, TX
Job Type: Direct Hire
Salary: $100,000.00 - $250,000.00
Degree: Bachelor of Science;
Date: 11/22/2017
Job ID: 02511676
Job Description
Well established, highly profitable CPA firm needs a strong Tax Manager ready to move into a direct entry Partnership. The soon to be retiring owner of the firm has a large, well established book of business consisting of small businesses and individual tax clients. A CPA license is required. The Tax Manager / Partner will be in charge of tax compliance, planning, review and preparation; and will supervise a small staff of Tax Accountants, bookkeepers, and administrative personnel. They will have direct client contact and responsibility for client representation with the IRS and state tax agencies. Requires candidates with both strong tax technical skills and a very good credit rating, as they will need to qualify for an SBA loan for 75% of the value of the practice. No cash is required as a private investor will put up the 25% cash required in return for a limited equity position. The firm will consider out of town candidates, although local candidates are preferred.  

This listing is for a Sole-Proprietor CPA practice in the Houston, TX (Galleria Area).  The owner does just in excess of $500k in billings, with a Seller Discretionary Income in excess of $325k, according to the seller’s historical information.  This established CPA practice provides a mix of Tax Preparation (61%) and Write-up (36%) services, along with some Consulting Services (3%) for a diverse client base.  Owner wishes to retire, but is willing to stay long enough to ensure a smooth transition.
Positions available nationwide for Tax Managers looking to purchase CPA firms from retiring Partners.