Business Description

This tax practice, founded in 2002 by an Enrolled Agent (EA), utilizes Intuit ProSeries software for bookkeeping services. The business generates approximately $14,000 in annual revenue from serving 3 bookkeeping clients and processing about 1,100 individual tax returns with an average fee of $160 per return. Additionally, it handles around 58 business tax returns with an average fee of $770 per return. The annual cash flow projection for 2024, including the owner's salary, benefits, and other non-operational expenses, is $129,803. The owner possesses the office building where the business operates. This established practice offers tax services efficiently and effectively, catering to both individual and business clients with a strong financial outlook for the coming year. In summary, this well-established tax practice, led by an experienced EA and supported by efficient software, generates revenue through bookkeeping and tax return services. With a solid client base and positive cash flow projections, the owner's ownership