Heathfield sends the request to funding partners; a partner may review the practice’s records and then decides on any terms.
A term loan fits a client list purchase. Equipment financing fits scanners, servers and workstations. A credit line fits annual renewals paid down over a few months. Office real estate is outside this site.
At a glance
- Accounting, tax preparation, bookkeeping, and payroll services, Teton County, WY
52 employer establishments (CBP 2023, NAICS 5412)
- Of those, fewer than five employees
43, or 82.7% (CBP 2023)
- Same code with a ZIP 83001 location
45 employer establishments (ZBP 2023)
- Same code with no paid employees, Teton County, WY
73 (Nonemployer Statistics 2024)
Practice Software, Document Scanners and an Equipment Loan: The Paperwork a Jackson, WY Accounting Practice Gathers
Practice software comes in two shapes, and they are funded differently. A perpetual license is bought once and kept; a subscription is a bill that renews. The scanners, server and workstations the software runs on are machines with model numbers, which is what equipment financing is built around.
- The vendor quote, split into hardware, license and setup services, since a partner may treat each part differently.
- Whether the license is perpetual or a subscription, written as the vendor states it.
- Model numbers for each document scanner and for the server, and whether any unit is refurbished.
- Recent business bank statements and the practice’s legal name exactly as registered in Wyoming.
Subscription fees stay out of an equipment request; they belong to the practice’s monthly budget or, when a year is billed at once, to the credit line case further down this page. A perpetual license may be included by some partners and not by others, so the split quote saves a second round of questions.
Buying a Retiring Preparer’s Client List: What a Lending Partner May Review
A preparer who is retiring may sell a client list to another Jackson, WY practice. That is a purchase of the business side only, with no building involved, and it can be requested as a term loan.
What a lending partner may review: fee history by client for the past few years, the share of fees that comes from the largest few clients, the purchase agreement and how it handles the seller introducing clients to the buyer, and the buying firm’s own statements, since its revenue carries the payment until the new clients settle in.
| Term | Monthly | Total of payments | Interest |
|---|---|---|---|
| 60 months | $1,867.80 | $112,068.00 | $25,568.00 |
| 84 months | $1,467.48 | $123,268.32 | $36,768.32 |
In these invented figures the 84-month term cuts the payment by $400.32 and costs $11,200.32 more interest. A buyer who expects some clients to leave after the sale may want the lower payment while that settles; the purchase price itself stays the same either way.
Two New Workstations and a Desk Phone System for a Teton County, WY CPA Firm
Illustration only, invented figures: a Teton County, WY CPA firm adds two staff members. It prices two workstations at $2,480 each, six desk phone handsets at $365 each and a document scanner at $1,890, a combined $9,040.
At an invented rate of 11.55% for three years, the firm’s payment would be $298.32. By the end of the third year the firm has paid $10,739.52, and $1,699.52 of it is interest in this invented case. Handsets that plug into the office network are equipment; cabling pulled through walls is work on the building, outside this site.
A purchase this size can sit alone or ride along with a larger request. The term loan calculator shows the payment for any other mix of machines and terms.
Software Renewals and an Insurance Premium Billed Once a Year: A Credit Line Draw Paid Down in Four Months
Some costs arrive once a year in a single bill: a software renewal, a professional liability premium. Paying both from operating cash can thin the account for weeks. A draw on a business line of credit, paid down in equal parts, spreads the hit.
Illustration only, invented figures: the renewal is $8,640 and the premium $5,730, so the firm draws $14,370 at 12.65% a year and repays $3,592.50 at the end of each of the next four months. Interest is figured at one-twelfth of the annual rate on the balance each month.
| Month | Balance during the month | Interest | Paid down at month end |
|---|---|---|---|
| 1 | $14,370.00 | $151.48 | $3,592.50 |
| 2 | $10,777.50 | $113.61 | $3,592.50 |
| 3 | $7,185.00 | $75.74 | $3,592.50 |
| 4 | $3,592.50 | $37.87 | $3,592.50 |
Add the four interest lines of this invented paydown and the line cost the firm $378.70. The line is then clear for the next one-time bill.
Accounting, Consulting, Engineering and Computer Design Offices in Teton County, WY
This page covers accounting practices and the neighboring office trades that buy the same software, scanners and workstations. Their 2023 County Business Patterns counts for Teton County, WY, by the Census title of each code:
| NAICS code and title | Employer establishments | Fewer than five employees | ZIP 83001 establishments |
|---|---|---|---|
| 5412 Accounting, tax preparation, bookkeeping, and payroll services | 52 | 43 (82.7%) | 45 |
| 5416 Management, scientific, and technical consulting services | 134 | 114 (85.1%) | 111 |
| 5413 Architectural, engineering, and related services | 57 | 35 (61.4%) | 45 |
| 5415 Computer systems design and related services | 38 | 32 (84.2%) | 28 |
Consulting has the largest count of the four by establishments. Accounting practices with paid staff reported 106 employees in the March 2023 pay period. In a different program, Nonemployer Statistics listed 73 accounting, tax preparation, bookkeeping, and payroll businesses with no paid employees in the county for 2024.
Office trades are grouped on the industries page, and the Jackson, WY page compares county and ZIP 83001 totals across all sectors.
By Heathfield Commercial Capital · Updated
