Tax Prepare Grant Proposal and Business Plan EXECUTIVE SUMMARY Our company celebrates the cultivation of female business owners in the state of California. Our philosophy is empower strong female entrepreneurs and help them financially succeed in business endeavors, especially now in this economy. With our base company, a tax preparation service (much like H&R Block), we use our business model and brand recognition to help serve women pursue their business ventures in hopes to build the foundation of exemplary female role models in the workforce community. The purpose of this business plan is to raise $50,000 for the development of a tax preparation firm while showcasing the expected financials and operations over the next three years. The Tax Preparation Company, Inc. (“the Company”) is a California based corporation that will provide tax preparation and business bookkeeping to customers in its targeted market. With our base corporation in full effect, we then thrust our name to the philanthropic efforts of helping other women make strides into the communities. In financially assisting others in their small or corporate endeavors, we want to create scholarship foundation helping the youth in community go to a four year university for a better and strong education. Our organization provides direct response to the growing number of young people that are either falling through the cracks at school or are already entangled with the juvenile court system. Our goal is to steer our away from repetitive cycles and transition them to adulthood while offering positive support system to avoid the pitfalls that can derail their lives. The focus is slightly different at each level but the goal remains the same; empower the young person to make positive changes in her life. (The company) is a tax preparer service in the heartland of California. Our company hosts a community of highly trained professional staffers ready to assist the public with the best financial products to further assists our clients in their business endeavors. Only through personal relationships can a sense of individual responsibility be reestablished that will give business owners the chance to proceed with their ventures with a sense of pride and accomplishment. MISSION STATEMENT (The Company) sets the standard and trust for tax preparation that ensures our clients with the highest levels of trust and knowledge in the taxation and finance industry. We provide immediate filing, affordable rates, personalized financials budgeting, and excellent customer service. The Tax Preparation Company’s mission is to become the recognized leader in its targeted market for tax preparation and business bookkeeping services. We provide accurate and affordable tax preparation and filing for each individual client. We expedite your tax preparation process and file the customers’ tax returns to ensure all the benefits of tax credits, deductions, and expenses based off of the latest tax laws in the state. Finally, we are in the service to build a strong rapport with our clients to ensure we cultivate new
customers and sustain our fellow crop of loyal clients. What to Expect: ● ● ● ● ● ● To establish and maintain market leadership in the tax services market by consistently delivering the most creative, thorough, and effective tax services. To consistently provide the highest level of client service professionally possible, thereby maintaining and enhancing the company’s “best of class” reputation. To serve as advocates for our clients in all areas of taxation, helping to create and maintain fair and equitable tax laws, regulations, and policies. To establish and maintain professional and constructive relationships with taxing authorities, through courteous, ethical, and mutually respectful interaction. To provide the most rewarding career opportunities for talented and highly motivated tax professionals and associates. To improve the quality of life of others through giving and actively participating in community outreach efforts.
(The Company) seeks to provide a full suite of tax and management accounting services for small businesses in California. Through our provisions, we allow business owners the chance to save money with our accounting services that comply with state tax laws and make managerial decisions based on their financial reports. KEYS TO SUCCESS The keys to success for the tax preparation business include: ● ● ● ● Building trust with clients Maintaining uptodate CPA certification and education on accounting practices and laws Going beyond saving clients money to proposing how they can increase their revenues Legal and ethical practices when it comes to transparency, reporting, and taxes
OBJECTIVE GOALS The Tax Preparation Company intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Tax Preparation Company. ● Establish relationships with other bookkeeping firms (that do not offer tax preparation services). ● Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth advertising. We seek to launch a variety of new services offering the very best tax preparation products that will then become the foundation for our coinhabiting philanthropic effort to support our very own
clients in small business endeavors. Our company’s following objectives as follows: ● ● To launch the bookkeeping services slowly, beginning with two parttime bookkeepers To achieve bookkeeping service annual revenues equal or greater to the current total revenues within three years (effectively doubling revenue) ● To achieve net profit of $60,000 in three years ● To employ 8 parttime bookkeepers in three years ● To successfully start a nonprofit empowering women achieve their small business endeavors ● To establish a scholarship helping young women complete a four year education in order to procure the necessary steps in ensuring a strong core of upcoming business oriented youth