Description:
The practice generates year-round revenues, with 2/3 of total fees derived from monthly accounting services, making this a great practice to acquire any time of the year. Desirable client mix, with approximately 87% of annual fees derived from business entities and Schedule C filers. Approximate average annual fees: Accounting services - $3,200; Business entity return - $705; 1040 with Schedule C - $565; Other 1040 - $295. Accounting clients are billed a fixed price each month, with a year-end fee for tax preparation. About 25% of clients are accustomed to paying by automatic bank draft.. Solid cash flow (58%). Owner is flexible regarding transition and is open to an extended transition period, if desired by Buyer.