Description:
This CPA practice is a book of business in what can be considered an office sharing arrangement/partnership. The clientele is composed of successful business and professional people who are willing to pay premium rates for the high quality tax and accounting services provided. The owner's hourly rate is $356. The firm has a cadre of excellent employees who handle most of the routine interactions and all of the tax preparation for clients. The major concentrations of clients include technology companies, owners and employees of such, real estate investors, small developers and investors. The main specialty is small businesses operating as S corporations or LLC's and their owners. The mix of business includes 170 individual returns, 51 business returns, and 45 other types of returns, about 10% of the income is accounting work, and some miscellaneous work.