Description:
• The owner is a CPA • This practice was established in 1995 • Software in use includes Lacerte • Approximately 354 individual tax returns with an average fee of $350 per return Other returns generated revenue as follows: • P/S: 15, with an average of $750 • S-Corp: 14, with an average of $1,000 • Corp: 9, with an average of $1,000 • Trust: 51, with an average of $300 • Exempt: 5, with an average of $800 • Benefit Plans: 2, with an average of $500 • $22,000 +/- in revenue is generated via compilations, court accountings, payroll, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $100,000+/- • Lease expires in N/A. Seller owns building and benefits, personal vehicles, and any other non-operational expenses of the business: $133,000 • Lease expires in N/A. Seller owns building.