Description:
The owner is an EA who lives in Northern California. Owner works from home, remote office, with clients in Southern California, Nevada, Illinois, Florida, and Washington * This practice was established in 2001 * From 2001 to 2006, the primary focus of the firm was personal income tax preparation. In 2007, focus changed to corporate tax preparation, corporate accounting, and payroll processing. Fees for the full service payroll element of the practice are at a premium in line with the payroll industry. This seller is open to the possibility of keeping the payroll portion of the business, if that is preferred by the buyer. * Software in use includes Pro Series / Pensoft / Quickbooks / TaxACT * Approximately 4 monthly bookkeeping clients, generating $16,806 of the gross revenue * Approximately 2 annual write-up clients, generating $2,273 of the gross revenue * Approximately 40 individual tax returns with an average fee of $262 per return * Approximately 25 business tax returns with an average fee of $507 per return * 14 full-service payroll processing clients with an average fee of $1,116 per client * 2 QuickBooks hosting clients generate $1,956 * $22,670 +/- revenue is tax consulting work.