Description:
This is a general partnership; the partners are looking to retire but willing to work for the buyer during a transition period. * This practice was established in 1923 * Software in use includes Lacerte Tax Software, Microsoft Office * 3 Monthly Clients with an average fee of $600/mo * 1 Quarterly Client with an average fee of $1,200/qtr * 6 Annual clients with an average fee of $2,500/yr * 300 individual returns with an average of $500/return * 46 business returns with an average fee of $1,600/return * 49 other returns with an average of $400/return * Lease expires in June of 2015 * Governmental Audits-School Districts (19 Single audits, 9 other yellow book audits - $453,000, Other Audits $76,000 (1 Construction Company, 1 Manufacturing Company, 2 Not-for-profit). Audit revenue is around $529,000 * Other services include data processing, copy charges, other charges ($16,800 revenue).