Description:
• The owner is a CPA • This practice was established in 1999 • Software in use includes Drake, QuickBooks • Approximately 41 bookkeeping clients generating $404,145 in revenue • Approximately 160 individual tax returns with an average fee of $412 per return • Approximately 69 business tax returns with an average fee of $1,919 per return. • Approximately 5 other tax returns with an average fee of $970 per return. • $75,100+/- in revenue is generated via consulting, tax planning, payroll, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $420,209 (2020) • Lease expires on December 31, 2021