Description:
• The owner is a CPA • This practice was established in 1974 • Software in use includes CCH, Axcess (Full Suite), Engagement (For Financial Statements) • Approximately 110 bookkeeping clients generating $472,000 in revenue • Approximately 460 individual tax returns with an average fee of $924 per return • Approximately 305 business tax returns with an average fee of $2,492 per return • Approximately 57 business tax returns with an average fee of $719 per return • Approximately $56,000 in revenue for 3 clients is generated via reviews (no audits) • Approximately $138,661 in revenue is generated via consulting, acquisitions, business sales, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $705,909 (Projected 2021) • Lease expires on N/A. Month-to-month