Description:
• The two owners are CPAs • This practice was established in 2002 • Software in use includes Lacerte, QuickBooks Online • Approximately 53 bookkeeping clients generating $703,582 in revenue • Approximately 138 individual tax returns with an average fee of $1,282 per return • Approximately 59 business tax returns with an average fee of $1,906 per return • Approximately $35,500 in revenue is generated via payroll processing, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $1,039,328 (Proj 2021) • Lease expires in N/A. Virtual Practice.