ACCOUNTING PRACTICE A740 La Habra

Latest year or last 12 months Collections $339,200.00
No. of & amt. of gross amount in:
1. Personal income tax returns...... No.925.. Amt. $145,000.00
2. Corporate tax returns............... No. 70... Amt. $ 38,000.00
3. Partnership tax returns.............. No. 20... Amt. $ 7,000.00
4. Fiduciary tax returns................. No. 6..... Amt. $ 2,000.00
5. Write up/bookkeeping/comp.... No. 69... Amt. $117,700.00
6. Audits...................................... No. 0
7. Payroll..................................... No. 24....Amt. $ 20,500.00

Who does tax interviews? Owner Number of returns on extension last year: 92

Software used in tax preparation? Lacerte

Largest single client, Tax $3,100.00 (7 returns), Write up/bookkeeping $12,000.00 Other $

Write up/ Bookkeeping:
Monthly No. 54 Amt.$8,760.00, Qtrly. No. 27 Amt.$6,625.00, Yrly. No. 12 Amt.$6,580.00
Type of business's in write up/ bookkeeping:.

Software used in write up/ bookkeeping/ payroll: Peachtree, and also Quickbooks for a few clients

Employees:
Full or part time: Job description/training: Pay & Benefits
1. Full Time Payroll/Data Entry $22.00 per hour
2. Part time Receptionist/Data Entry/Payroll/Bookkeeping $22.00 per hour

Equipment: Number of Computers: 5, Networked:Yes - 5, No. of printers: 5

Location: Time left on lease Owns ofc Mo. Rate $3,500.00/mo. Office sq. ft. 2,550
Practice liabilities & expenses:
1. Equipment -0-
2. Furnishings -0-
3. Law suites - None
4. Other, utilities, telephone, etc: Util $375.00 per mo. Phone $300.00 per mo Internet $80 per mo

Selling Price: $388,000.00

OAK TREE ASSOCIATES (800) 233-0659 FAX (949)855-9648