Description:
• The owner is an EA seeking to sell to a CPA or Enrolled Agent located in the San Fernando Valley area • This practice was established in 1992 • Software in use includes Lacerte, QuickBooks, CFS • Approximately $523,500 in annual revenue, via bookkeeping (207 clients) • Approximately 350 individual tax returns with an average fee of $977 per return • Approximately 260 business tax returns with an average fee of $1,481 per return • Approximately 10 other tax returns with an average fee of $2,000 per return • Other revenue generated for 2021: • $82,000 in payroll processing; $25,000 in IRS audit representation • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: Approx. $900,000 (2021) • Lease expires on July 31, 2025