Description:
• The owner is a CPA • This practice was established in 2004 • Software in use includes Thomson Reuters Saas, UltraTax, QuickBooks • Approximately 30 bookkeeping clients generating $91,900 in revenue • Approximately 17 payroll clients, generating $22,300 in revenue • Approximately 103 individual tax returns with an average fee of $497 per return • Approximately 54 business tax returns with an average fee of $887 per return • Approximately 5 non-profit tax returns with an average fee of $475 per return • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $217,000 • Lease expires in January 31, 2021.