Description:
This exceptionally nice accounting and tax practice enjoys a sterling reputation, as evidenced by its loyal following.  The practice offers 1040 preparation but earns the majority of its fees from business clientele representing a broad range of industries.  Its solid fee structure makes this practice very profitable, and the practice yields solid proforma cash flow (51%).  Revenues are desirably blended to include 1040 prep (24%), business and other entity tax returns (26%), and bookkeeping and other services (50%).  The high proportion of bookkeeping fees provides for year-round billings, supplemented by a nice bump-up during tax season. The owner is retiring but is willing to assist in an orderly transition.