Description:
• The owner is a CPA • This practice was established in 1990 • Software in use includes UltraTax, QuickBooks • Approximately 7 audit clients generating $86,000 in revenue • Approximately 25 individual tax returns with an average fee of $600 per return • Approximately 13 business tax returns with an average fee of $1,615 per return • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $24,551 (Proj 2021) • Lease expires on July 31, 2021