Description:
• The owner is a CPA • This practice was established in 1995 • Software in use includes Lacerte, QuickBooks, Timeslips • Approximately 13 bookkeeping clients generating $40,000 in revenue • Approximately 340 individual tax returns with an average fee of $1,500 per return • Approximately 275 business tax returns with an average fee of $3,200 per return • Approximately 55 other tax returns with an average fee of $1,000 per return • $53,000 +/- in revenue is generated via tax consulting, IRS and FTB audits, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $1,250,128 (2020) • Lease expires on December 31, 2021