First, a note from our President and Founder:

As we dive into August, here are key tax updates and actionable reminders shaping the business landscape:

➡️ New Tax Law Benefits Are Here

The "One Big Beautiful Bill" (OBBB) has officially become law, making many 2017 tax provisions permanent, while introducing new deductions and benefits:

• Full bonus depreciation is restored, allowing businesses to deduct qualifying capital expenses immediately.

• A new standard deduction for seniors and an increased Child Tax Credit aim to provide additional relief.

• Notably, overtime pay and car loan interest deductions now offer qualified individuals tax write-offs through 2028. 

➡️ Phishing Alert for Tax Professionals

The IRS and Security Summit partners are emphasizing tax professionals’ exposure to increasing phishing attacks and data breaches. Now more than ever, it’s crucial to review your security protocols and educate your team on safe practices.

➡️ August Action Items:

• Review your 2025 tax strategy to take advantage of new OBBB benefits.

• Conduct a cybersecurity audit and reinforce best practices for client data protection.

Whether you're future planning for a sale or simply optimizing current operations, staying informed helps you navigate these shifts confidently. Our team is here to support you every step of the way.

Wishing you an insightful and productive August!

- Justin Farmer, Esq., CBI

President & Founder of Private Practice Transitions

FEATURED BLOG:

Should You Get Prequalified to Buy a Practice?

Read more in Should You Get Prequalified to Buy a Practice?

Business Opportunity 1250

To express your interest in this outstanding opportunity, please email tanya@privatepracticetransitions.com with the subject “Business Opportunity 1250,” or call 253.509.9224 for more information.

AUGUST FEATURED LISTINGS

Listing 1248

Established in 2011, this fully remote consulting firm delivers specialized services in finance, accounting, SEC reporting, governance, risk and compliance (GRC), and IT project management. The Firm’s service by revenue breakdown is as follows: 37% General Accounting, 34% SEC Reporting/Technical Accounting, 16% GRC, and 13% Project Management. As of April 2025, the Firm serves nine active clients with recent billings and maintains Master Service Agreements with an additional 13 clients—totaling 22 client relationships. From 2022 to 2024, the Firm averaged annual gross revenue of approximately $5.26 million, and 2025 YE projections are showing revenues of ~$5.6 million. The team includes 19 dedicated professionals, including the Owner. Known for its trusted name and long-term client relationships, this Firm offers an excellent opportunity for growth in the professional services space. The Owner is open to remaining in a leadership capacity for up to one year to support a smooth transition.

Listing 1249

Founded in 1994, this thriving firm has built a stellar reputation providing comprehensive tax, audit, bookkeeping, and specialty services across three locations. As of May 2025, the Practice serves approximately 1,445 active clients and employs a team of 40, including the Owners. Service revenue is well-diversified: 48.1% Audit & Review, 23.8% Bookkeeping & Accounting, 23.4% Tax, 4.5% GET Billed, and 0.1% Other. The Practice reported $5.83M in gross receipts for 2024 and $5.89M for the May 2025 TTM period, showcasing consistent growth. Its longstanding success is driven by a trusted brand, loyal client base, and experienced team. The Owners are committed to a smooth transition and are open to assisting with goodwill transfer, business development, and mentorship for an agreed-upon period to support buyer success.

BUSINESS OWNER RESOURCE:

Copyright © 2025 Private Practice Transitions, Inc., All rights reserved.
You are receiving this email because you opted in at our website http://www.privatepracticetransitions.com