Description:
This practice caters to small local businesses, offering mainly tax preparation but also some bookkeeping and payroll. The seller advertises in the Yellow Pages. Most new clients have come from referrals from other clients and local business contacts. The current location has lots of parking but there is no obligation to stay. The clients know how to find it and 95% of clients meet at the office but some of the 1040 clients just drop their information off and this CPA calls with questions. About 5 clients are more than one hour away. Two clients are out of state. The billing rate is $120 per hour and $80 per hour for staff. Clients are usually billed via fixed fee rather than hourly. No one client makes up 10% of the gross revenue. This business is great for someone who wants to work part-time. You do NOT have to work 50-60 hours per week during tax season. Plenty of flexible time the rest of the year.