Description:
• The owner is a CPA • This practice was established in 1986 • Software in use includes Tax Prep-Intuit Proseries; Write up- Intuit EZ Accounting and QuickBooks; Payroll-1099 etc.; Document Mgmt-E-File Cabinet; Time and Billing-Imagine Time • Approximately 59 bookkeeping clients generating $110,000 in revenue • Approximately 500 individual tax returns with an average fee of $340 per return • Approximately 120 business tax returns with an average fee of $500 per return • Approximately 40 other tax returns with an average fee of $500 per return • Approximately $10,000 in revenue is generated via audits and review • Approximately $15,000 in revenue is generated via consulting • Approximately $20,000 in revenue is generated via payroll processing. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $201,950 (Proj 2021) • Lease expires in N/A. Month-to-month