This is a well-established and profitable CPA firm located in North York, built largely on performing business and personal taxes and bookkeeping for small businesses. Client retention is high and referral business continues to come in.
Revenue/cash flow is excellent. Clients are accustomed to regular fee increases, remaining loyal due to the quality of service and personal attention they receive. Accounts receivable is minimal and there are no bad debts. The owner maintains a good work-life balance, putting in approximately 1,600 hours per year.
The practice is a one-person operation with some help required only at high season. Its systems have a good workflow in place. Office space is rented in a ground level industrial unit situated in busy commercial business area.