Discussion:Buying CPA firm clients.
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| {{ForumReplyPost|UserID=Vwertgen|Date=8 December 2005|Text=Amortize over 15 years.}} | {{ForumReplyPost|UserID=Vwertgen|Date=8 December 2005|Text=Amortize over 15 years.}} | ||
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| + | {{ForumReplyPost|UserID=Umk395|Date=14 December 2005|Text=Absolutely amortize over 15 years as an intangible asset.}} | ||
Revision as of 23:34, 14 December 2005
Discussion Forum Index --> Tax Questions --> Buying CPA firm clients.
| 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? | |
| 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. | |
| 14 December 2005 | |
| Absolutely amortize over 15 years as an intangible asset. | |
