Description:
• The owner is a CPA • This practice was established in 2006 • Software in use includes UltraTax, QuickBooks, Accounting CS, FileCabinet Solutions • Approximately 15 bookkeeping clients generating $70,100 in revenue • Approximately 120 individual tax returns with an average fee of $962 per return • Approximately 61 business tax returns with an average fee of $2,532 per return • Approximately $21,255 in revenue is generated from other tax returns • Approximately $48,400 in revenue is generated from consulting, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $318,695 (Proj 2021) • Lease expires in N/A.