Description:
• The owner is a CPA • This practice was established in 1986 • Software in use includes QuickBooks, Lacerte, CFS Tax • Approximately 7 bookkeeping clients generating $45,350 in revenue • Approximately 297 individual tax returns with an average fee of $503 per return • Approximately 40 business tax returns with an average fee of $1,628 per return • Approximately 21 other tax returns with an average fee of $786 per return • Other services generated revenue as follows: $12,800 in payroll processing $5,690 in audit and review $2,550 in other services such as 1099 processing • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $202,519 • Lease expires in N/A. Month-to-month