#5379 - West Essex - NEW JERSEY

West Essex, New Jersey Practice Fact Sheet Supplied by New Clients, Inc. Total Gross Income: $968,016 (Monthly & Quarterly per hour and retainer billing is included in the income tax/accounting totals revenue below) Net Profit: $524,818 includes Owner add backs Purchase Price: $2,000,000 – Financing available to qualified applicants. Various programs available. Call for details. Year Established: 2001 Accounting, bookkeeping, Compilations + Payroll Taxes: Monthly Clients: 20 Avg. Fee: $500 Total: $120,000 Quarterly Clients: 40 Avg. Fee: $1,000 Total: $160,000 Income Tax: Individuals: 470 Avg. Fee: $632.57 Total: $297,310 Businesses: 273 includes owner’s individual returns Corp: 111 Avg. Fee: $4,505.46 Total: $389,106 Partnerships: 113 Avg. Fee: $1,792.33 Total: $194,600 Trusts: 40 Avg. Fee: $427.88 Total: $ 17,115 Non-profit: 15 Avg. Fee: $1,792.33 Total: $ 26,885 Audits, Reviews: Audit-3 financial statement reviews Total:$ 33,000 Other Services: Annual report filings Total:$ 10,000 Full-time Employees: 2 Part-time Employees: 2 Computer Software: Thomson Reuters Professional Suite, Including Ultra Tax CS and related modules, as well as practice CS for billing. CCH 1099 prep, Microsoft 365. Description of Clientele: The practice has approximately 300 business clients that our office maintains on a monthly and quarterly basis, performing bookkeeping, sales tax filings. These clients are billed on a fixed retainer and per hour charges, with invoices mailed monthly or quarterly. Aside some bookkeeping attached to tax preparation, there aren’t many annual bookkeeping services. There are five premium clients who are billed between $30,000 – $40,000 in the auto rental, law, distributorship, construction and pharmaceutical industries. Description of Area: West Essex NJ, specifically northern West Caldwell is primarily a commercial area with many offices in our complex and the surrounding area. It is in an attractive area to live in. Interested Parties Should Contact Bruce Clark using the message form below.