Description:
• The owner is a CPA • This practice was established in 1970s • Software in use includes UltraTax 2021 revenue includes: • Approximately $181,500 in annual revenue, via bookkeeping for 74 tax clients • Approximately $11,000 in annual revenue, via forensic accounting consulting • Approximately 160 individual tax returns with an average fee of $1,134 per return • Business returns: - Approximately 25 C-Corp returns with an average fee of $2,473 per return - Approximately 30 Partnership/LLC tax returns with an average fee of $1,459 per return - Approximately 16 Trust tax returns with an average fee of $1,837 per return - Approximately 2 other tax returns with an average fee of $4,921 per return • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $251,589 (2021) • Lease expires on N/A. Seller is open to leasing to the buyer, if needed.