Description:
The two owners are CPAs. This practice was established in 1993. Software in use includes Lacerte, QuickBooks, PPC/RIA, Office Tools 2017 Revenue was generated as follows:. $350,000 in Financial Accounting. $194,000 in other tax returns and planning . Approximately 1,170 individual tax returns with an average fee of $872 per return. Approximately 70 dependent tax returns with an average fee of $157 per return. Approximately 100 fiduciary tax returns with an average fee of $700 per return. Approximately 300 business tax returns with an average fee of $1,667 per return. $35,000 +/- revenue is generated via miscellaneous services. Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $1,060,000. Lease expires in December 2020.