Description:
• The owner is a CPA • This practice was established in 2017 • Software in use includes Thomson Reuters UltraTax and Practice • Approximately 40 bookkeeping clients generating $13,590 in revenue • Approximately 633 individual tax returns with an average fee of $257 per return • Approximately 111 business tax returns with an average fee of $357 per return • Approximately 14 other tax returns with an average fee of $205 per return • Projected 2022 revenue includes: • $1,355 audit and review • $10,410 in compilation • $2,375 in consulting • $12,837 in payroll • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $170,598 (2021) • Lease expires on N/A. Month-to-month