Description:
The owner is a CPA. This practice was established in 1988. Software in use includes Lacerte and Quickbooks. Approximately 32 bookkeeping clients, generating $46,590 of the gross revenue. Approximately 416 individual tax returns with an average fee of $572 per return. Approximately 101 business tax returns with an average fee of $2,730 per return. Approximately 38 other tax returns with an average fee of $1,200 per return. $56,530 +/- revenue is generated via reviews, planning, prop tax and IRS/FTB audits. Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $390,000. Lease expires on 11/1/2019.