Annual Report Filing Software - Acquisitions Anonymous episode 164

Michael Girdley (@Girdley), Bill D’Alessandro (@BillDA), and Mills Snell (@thegeneralmills) talk about a Highly Profitable Filing and Document Prep Tech Company. We talk about how this company operates, and the stability of its sales. What is the real transferable value? How did the Covid bump affect this business? Where is the hidden growth opportunity?

Tune in for one of Bill’s best takes on how taxes work in eCommerce. Will taxes keep rising?

Company: Highly Profitable Filing and Document Preparation Tech Company

Location: US

Stated Financials: 2022 AR $ 12,829,000 | Gross Margin 52% at $ 6,704,000

Asking Price: Contact the broker

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Thanks to our sponsors!

CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

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Show Notes:

(00:00) - Introduction

(01:20) - Our Sponsor is CloudBookkeeping.com

(02:48) - Mills is back!

(03:27) - Deals & Financials: A Highly Profitable Filing and Document Prep Tech Company

(06:21) - What does this business do?

(07:45) - What do we think about the stability of its sales?

(09:50) - Is this business really handy?

(11:00) - How do we think Covid affected this deal?

(15:00) - What’s the deal with the whole theme of businesses?

(17:50) - How does sales tax work on the internet?

(22:39) - Mike’s discussion about Chinese Sellers in relation to tax work

(24:19) - What’s the climate in the economy now? How to take advantage of it?

(28:20) - Will tax continue to grow?

(29:20) - What is a Virtual Mailbox?

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Additional episodes you might enjoy:

#162 - Cleaning up crime scenes for big money!
#161 - How to spot red flags in eCommerce listings?

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