Description:
The firm provides professional services to small business clients who require assistance in accounting, tax planning and preparation, and who seek business and financial consulting. The practice strives to attract established businesses with at least $1 million in revenues. Most clientele have revenues of $1 million to $10 million. There are several clients with revenues over $10 and up to $60 million. The firm does not do audits, but does do reviews and compilations when requested. The majority of the work is not in financial statement preparation as most clientele have automated systems and bookkeeping staff that require periodic and/or annual accounting assistance. The firm prepares approximately 210 individual tax returns most of which have investments, rental properties, sole proprietorship businesses, and K-1 schedules from partnerships, LLC's and sub-chapter S corporations. Virtually all of the firm's clientele are referrals from existing clients. The firm does not advertise, nor actively seek additional clientele. At current staffing levels, all available man hours are fully utilized. The client workload is continuous throughout the year, with increases during tax filing periods and during December tax planning. The firm converted to a paperless office in 2003. All personnel have 2 to 4 computer monitors, a scanner and printer at their desks. The firm has electronic access to many of its client's accounting records. The firm enjoys a 4 (10hr) day workweek. During tax season those hours are expanded as necessary.