Business Description

A CPA-owned practice established in 2005 provides tax and bookkeeping services with a client base of 43 for bookkeeping and annual tax returns of 605 individuals, 140 businesses, and 40 other entities. The practice uses software like Lacerte, QuickBooks, MS Office, and CFS Tax Tools to manage operations efficiently. With an annual revenue of around $72,500, the practice generates income through individual tax returns averaging $480 per return, business tax returns at an average of $1,120 per return, and other tax returns at $450 per return. The comprehensive cash flow, totaling $332,907 in 2023, covers the owner's salary, benefits, personal vehicles, and additional non-operational expenses. Located in shared commercial space with multiple business suites, the practice operates in a professional environment to serve its diverse client base effectively while leveraging modern software solutions to streamline processes and maintain financial stability.