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Buy a Tax Firm

Tax advisory & auditing, and legal advisory firms are looking for suitable successors. Buying a tax advisory firm is very much in trend. Today, around 76 percent of German tax advisors work for themselves. Because many firms will be up for sale in the coming years due to demographic change, the entry opportunities for young tax advisors are good. At the same time, starting out on your own should be planned carefully — buying a tax firm is not trivial. Taking over an established tax advisory practice can currently be a very good move, given the digital transformation underway.

Tax Advisory and Auditing Listings

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Austria

Consulting firm specializing in the implementation of management systems and preparation for certification

The company is one of the leading consulting firms in the DACH region for the implementation of environmental, quality, energy, and occupational safety management systems with a focus on legal compliance and preparing companies for certification in these areas. In addition, the company assists businesses with organizational and regulatory issues as well as ongoing support services. Furthermore, the company offers practical training programs on the topics mentioned, as well as services in the areas of ESG reporting and sustainability management . A key competitive advantage lies in digital compliance solutions , which help clients meet regulatory requirements while also optimizing the delivery of consulting services. Key Features Steadily growing revenue with an average annual growth rate of 9.8% (2022–2026F). High proportion of recurring revenue (~55%) driven by long-term client relationships and ongoing support services. Broad service portfolio in the areas of environment, safety, compliance, sustainability, and management systems. Digital solutions that complement the service offering with scalable, recurring revenue. Interdisciplinary team with technical, regulatory, and organizational expertise. Established customer base with high customer retention (~90%) ; new customers primarily through referrals. Many years of market experience , established quality standards, and numerous certifications and awards. Growth opportunities Targeted investments in marketing and sales to attract new customers. Acceleration of international expansion , particularly through growth in Germany and Switzerland as well as entry into new markets. Ongoing development and adaptation of the legal compliance software. Expansion of the offering in the area of compliance in line with expected market developments, as well as targeted strengthening of the ESG performance portfolio.

Revenue
1,434,800 €
Earnings
268,700 €
Employees
No information
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Tax Advisory and Auditing - Current Requests

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Taking Over a Tax Advisory Practice

It starts with a market analysis that weighs up the opportunities and risks. That includes basic things like getting an overview of the other market participants in the region. It also means clarifying how to finance a tax firm — start-up loans and conversations with bank representatives are helpful here. When financing through external investors, professionally putting together a business plan is essential. Anyone going independent should also keep in mind: solid knowledge of tax law alone isn't enough to succeed. Entrepreneurial thinking and a knack for organization are just as necessary. When it comes to hiring staff, know-how in managing employees is undoubtedly needed too.

The same applies equally to people wanting to go independent as auditors. Career prospects in this field are excellent too. Today, around a third of auditors are older than 55, so several of them will be leaving the profession in the coming years — a good opportunity for young graduates at the same time. Already today, a quarter of all auditors run their own firm on the market, and there are around 2,700 auditing companies in Germany.

This trend is likely to increase in the coming years. That's explained by the more achievable desire for work-life balance, and the wish, after a demanding exam, not to want to share one's hard-won expertise with others. As is well known, the auditor exam has a strong filtering effect: according to the Institute of Public Auditors, only 50 to 60 percent of participants pass on their first attempt. Around 20 percent of participants can retake failed exam sections in a supplementary exam. Around 90 percent of that group then pass the remaining exams. It's also not uncommon for several founders to join together under the legal form of a GmbH or a GmbH & Co. KG. These legal forms are even more popular among auditors than among tax advisors. Since 2013, there's also been the option of founding a so-called partnership company with limited professional liability, or "Part GmbH" for short.

This business form has a decisive advantage: it allows liability for professional errors to be limited to the company's assets — a significant benefit if potential damage claims exceed the coverage provided by insurance. Compared to other sectors, setting up an auditing practice requires relatively little capital, though it's still sensible to budget a buffer of 10 to 15 percent of the total.