Description:
Well-established bookkeeping and tax practice with annual gross of about $313,0000. . The owner is not a CPA. This practice was established in 2011. Software in use Quickbooks. Approximately 62 accounting, bookkeeping Payroll, Copmilations and T2 returns clients, generating 71% of the gross revenue. Approximately 380 individual tax returns with an average fee of $ $250 per return. Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $120,500.