Description:
• The owner is a CPA • This home based practice was established in 1992 • Software in use includes Cantax T1 & T2, Sage, AFP • 3 Compilations clients averaging $2,267 per client • 4 bookkeeping clients averaging $3,275 per client • Approximately 39 individual tax returns with an average fee of $223 per return • Approximately 41 personal tax returns business with an average fee of $576 per return • T2 for 5 clients averaging $1,026 per return • Regular consulting services on month end assistance, year end working paper, etc. of $15,755 • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $50,000 • No lease but arrangement can be made for the next tax season if needed.