Description:
• Two-owner CPA practice • 91% Tax Preparation (50% Individual; 48% Business; 2% Other); 9% Payroll (with minor bookkeeping) • Cash flow to owner before potentially duplicate expenses is a solid 61% of gross revenue • Practice utilizes Lacerte and Drake for tax; Quickbooks and ATB for bookkeeping • One full-time employee - office manager/bookkeeper • Office space is month-to-month with a 90-day notice • Primary service provider passed away in 2021; Remaining CPA has maintained the practice with assistance from employee and contract help from retired friends, but now wishes to sell and retire • Owner is willing to stay on as needed in the near term to assist buyer with 2022 tax season workload and to maximize client retention under the circumstances