Description:
• The owner is a CPA • This practice was acquired by seller in 2016 • Software in use includes ProSystem FX • Approximately 220 individual tax returns with an average fee of $2,215 per return • Approximately 10 business tax returns with an average fee of $6,000 per return • +/- $108,600 in tax planning and consultation services based on CPA hourly rates to100 clients • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $521,970 (2021) • Lease expires in October 2024. • The seller can share his network of advisors who are willing to refer their high net worth clients to the practice. In addition, many existing clients have been willing to refer their friends and colleagues, resulting in rapid growth and increased profitability of the practice.