Description:
• The owner is a CPA • This practice was established in 1999 • Software in use includes Lacerte • Approximately 90 bookkeeping clients generating $122,000 in revenue • Approximately 35 individual tax returns with an average fee of $914 per return • Approximately 102 business tax returns with an average fee of $2,814 per return. Business returns revenue is combined with the associated personal returns and year-end tax projections. • $21,900+/- in revenue is generated via misc. trusts, 1099s, quarterly salary, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $287,198 (2020) • Lease expires on N/A. Month-to-month