Description:
CPA sole practitioner has decided to call it quits as a lone practitioner. The work has been performed from a home based office so relocation, within reasonable proximity, shouldn't be an issue. Revenues come from accounting services representing approximately 22 percent of annual fee income with the remainder coming from tax preparation services which are fairly evenly divided between 150+ individual tax returns and 170+ business tax returns. With a 75 percent owner cash flow, this practice would make a great start for someone wanting to go out on their own.