Description:
• The owner is a CPA and prefers to sell to a California based CPA or CPA firm • This practice was established in 2014 • Software in use includes Lacerte, SmartVault, CFS, BNA (tax planning) • Approximately $113,760 in annual revenue, via bookkeeping (25 clients) • Approximately 68 individual tax returns with an average fee of $1,446 per return • Approximately 74 business tax returns with an average fee of $2,864 per return • Approximately 1 other tax returns with an average fee of $700 per return • Other revenue projected to be generated for 2022: • $12,000 in payroll processing • $10,000 in tax planning, consulting, business set-ups • $22,000 sales tax, 571L, 1099 • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $373,404 (Proj 2022) • Lease expires on N/A. Virtual Practice.