Tax company business plan

It is owned and managed by James Washington in Houston, Texas. The company offers tax preparation and e-filing services from January to April for federal and state tax returns. It offers these services to individuals, families, small businesses and home-based businesses.

Tax company business plan

Strategic Analysis with tax company business plan research! The Tax Preparation Company, Inc. The Company was founded in by John Doe.

tax company business plan

During the primary tax season January to Aprilthe business will assist small business owners with preparing their yearly tax returns. The business will also provide bookkeeping services so that the Company can generate a stable stream of revenue on a monthly basis.

These services will primarily consist of accounts receivable, accounts payable, general ledger management, and cash flow management in conjunction with accounting software suites such as QuickBooks, Microsoft Money, and Peachtree Accounting The third section of the business plan will further describe the services offered by the Tax Preparation Company.

The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the accounting industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

A Sample Tax Preparation Service Business Plan Template | ProfitableVenture

Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. The Company is registered as a corporation in the State of New York.

Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple.

Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Tax Preparation Company. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.

The Tax Preparation Company will bill its clients on a per hour basis. Pricing for these services will be further discussed in the fifth section of the business plan.

Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.

There are overaccountants, tax preparers, and bookkeepers in the United States. One of the most common trends within the accounting industry is to develop ancillary investment management and small lending services such as mortgage origination and loan rebate checks.

Starting a Tax Preparation Company – Sample Business Plan Template | ProfitableVenture

In the future, the Tax Preparation Company may develop these services to greatly increase the revenues of the business. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.

The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the Tax Preparation Company.


These strategies include traditional print advertisements and ads placed on search engines on the Internet.A Sample Tax Preparation Service Business Plan Template Are you about starting a tax preparation company?

If YES, here’s a complete sample tax preparation service business plan template & feasibility report you can use for FREE to raise money. Seven Keys to a Successful Tax Practice For many experienced accountants and tax preparers, developing a business plan seems almost sacrilegious.

Company growth highlights (if you are already established). This includes your profit increases or losses. How to Write a Marketing Plan for a Tax Preparation Business you can market that differ from these competitors so you start to stand out when prospects are thinking of hiring your company.

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Writing a Business Plan | PluralsightSkills Assessments · Learning Paths · Over 5,+ Courses · Mobile App,+ followers on Twitter. (Tax Services USA), and affiliate of TaxBiz, is a profitable small business that provides seasonal tax preparation services. It is owned and managed by (James Washington) in (Houston, Texas).

The company offers tax preparation and e-filing services from January to .

How to Write a Marketing Plan for a Tax Preparation Business |