Description:
CPA, Accounting and tax practice with overall: • compilations and corporate tax - 65% of revenue • T1- 23% of revenue • Covid non-recurring 10% of revenues (included in total billings of $232,579) Well established general practice, this quality sole-practitioner CPA firm is very profitable and has opportunity for growth. The owner is retiring from public practice. Excellent cash flow to owner at 65% of revenue. Owner works approximately 2,500 hours per year Owner is selling shares. Outgoing owner will be available for an orderly transition in order to ensure a successful transition to the new owner. Fully equipped leased premises in a highly visible location, lease expiring in July, 2024 Software in use: SAGE50, QuickBooks Desktop and QBO; CaseWare and financials are all in Excel for income taxes - Profile