Discussion:Buying CPA firm clients.

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Discussion Forum Index --> Tax Questions --> Buying CPA firm clients.

DZCPA (talk|edits) said:

6 December 2005
Purchasing tax client list from a Corporation with selling price to be equal to billings obtained in first 12 months. Amortize over 15 years? or over 12 months? or ?

Jeri Clackett (talk|edits) said:

7 December 2005
I have a similar problem with the purchase of an insurance company. Purchase price based on % of commissions rec'd from existing clients over time. My guess is to amortize some portion over 15 years (client list, covenent etc.) But is any portion actally commission exp?

DZCPA (talk|edits) said:

7 December 2005
I'm referring to portion of purchase "client lists". Total fees charged and collected for tax return preparation from clients on list during first 12 months equals total purchase price.

Vwertgen (talk|edits) said:

8 December 2005
Amortize over 15 years.

Umk395 (talk|edits) said:

14 December 2005
Absolutely amortize over 15 years as an intangible asset.

DZCPA (talk|edits) said:

15 December 2005

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