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This reputable Council Bluffs, IA CPA practice produces annual gross revenues of approximately $330,000. Revenues are composed of about 77% tax preparation and 23% accounting services, including bookkeeping, payroll and compilation. The firm has a well-established, high-quality client base that includes a large number of businesses and should provide ample opportunities for expansion of services. In fact, the combined tax and accounting work for businesses constitutes about 50% of the annual revenues. The practice has a solid fee structure and produces strong cash flow to owner. It is an ideal size for an individual buyer starting out in practice. It might also make a nice addition to a firm already in Council Bluffs or one looking to establish a branch office in this market.
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