Description:
• The owner is a CPA • This practice was established in 1991 • Mandarin speaking buyer preferred or a buyer with an employee fluent in speaking and writing Mandarin • Software in use: LaCerte & Quickbooks • Approximately 140 individual tax returns with an average fee of $1,221 per return • Approximately 84 business tax returns with an average fee of $4,119 per return • Approximately $50,000 in revenue generated from Audit & Review and $32,000 from related business tax returns which may be excluded from the sale if not of interest to the buyer • Approximately $8,000 in revenue generated from Consulting • Approximately $29,000 in revenue generated from Payroll processing • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $408,000 (2021) • Lease expires: seller owns building