This established CPA practice, founded in 2019, presents an exceptional opportunity for a qualified CPA or accounting firm seeking to acquire a profitable tax and accounting practice in San Mateo, California. The practice demonstrates strong financial performance with projected 2025 cash flow of $215,000. The seller expresses preference for local CPA buyers, facilitating smooth client transition and continued service excellence in the San Mateo market.

Revenue Structure:
Tax preparation services constitute the primary revenue driver, processing 156 individual returns at an average fee of $1,013, 39 business returns averaging $1,658, and 26 fiduciary returns at $927 per return. Additional revenue includes $11,000 from ongoing bookkeeping services for three established clients and $14,000 from specialized projects including amended returns and S-Corporation filings.

Operational Infrastructure:
The practice operates with professional-grade software systems including CCH tax preparation software, Tax Tools, BNA research platform, ShareFile for secure document management, and Financial Cents for practice management. This comprehensive technology stack ensures efficient operations and regulatory compliance.

Client Base and Market Position:
With over 220 active tax clients across individual, business, and fiduciary categories, the practice has established a solid client foundation over five years of continuous operation. The diverse client mix provides stability and growth potential within the San Mateo market.

Operating Model:
Currently operated as a home-based practice, this structure offers flexibility while maintaining professional service delivery. The established systems and processes position the practice for seamless transition to new ownership.