Advice on purchasing an existing tax practice....
I have the opportunity to purchase an existing tax practice in my hometown. $67K in revenue in 2009 bottom line $26K plus $5.5k in officer's salary. $66K 2010 bottom line plus $7.5K in officer's salary. Neither of us really know how to come to a price. Any ideas/suggestions? Any other input on this matter is greatly appreciated!! TIA