A tax preparation firm is a business that assists people with financial services such as helping individuals as well as corporate firms to prepare and file tax returns.

Do you have a plan of starting a Tax preparation business but just do not have a clue on how to write a business plan for your proposed business?

Here is a sample business plan for starting a tax preparation firm.

  • Executive Summary
  • Products and Services
  • Vision Statement
  • Mission Statement
  • Market Analysis
  • Competitive Advantage
  • Sales and marketing strategy
  • Management Summary
  • Conclusion

Who we are

Idama Tax Preparation Inc. is a financial services industry licensed and registered, and is to be located in Miami, USA. Idama Tax Preparation Inc. would provide services such as income tax compilation services, income tax return preparation services, and other tax return preparation services for both individuals, big and small businesses.

By operating a private tax preparation business firm, we seek to alleviate from our clients the stress of financial accounting by providing user friendly blueprint that will help them pay their taxes without stress.

Why We Do It

Tax preparation is an important part of every business. Some ignore the whole process as a whole, until they are up to their necks in debt. This is where the services of Idama Tax Preparation comes in. our tax preparation services would help so many business be up to date with their taxes.

The Management

Idama Tax Preparation management team is one complete with professionals in the business. This team has over 5 years of cognate experience and are well certified and equipped to assist clients with their tax preparation needs.


Idama Tax Preparation is going to offer tax preparation services in USA. We have the sole intention of working with individuals, small and medium enterprises, household, as well as large corporations interested in outsourcing their tax consulting requirements.

The following includes our business offerings.

• Personal and Business Income tax compilation services
• Personal and Business Income tax return preparation services
• Basic tax preparation services
• Standard tax preparation services
• Full-service tax preparation services
• Tax-related financial services
• Other financial consulting and advisory related services


To be able to provide for each and every of our clients professional and trustworthy tax preparation services without much stress.

We plan on becoming the leading firm providing tax preparation services in America and beyond within the first ten years of operation.


To provide our key clients the best and most preferred tax preparation services available so we are not just seen as another financial service industry but as an indispensable partner in the industry.

Market Trends

When it comes to the financial services industry, there are so many sectors involved and it definitely a large industry.

With this in mind, one thing that is conversant is the inability of most small and medium enterprises and other small businesses to afford the services of individual tax preparation service providers because of their high charge rate.

This is why most of them turn to tax preparation service firm for their tax preparation services, since it is relatively cheaper and less stressful.

Although the recent recession was not favorable for the financial industry and tax preparation industry was no different. But then, the rebound started a few months back and with more Americans required to pay tax, the landscape turned upwards.

Target Market

Small businesses, medium enterprises, entrepreneurs, individuals, large corporations are example of those who are in need of tax preparation services.

With this in mind, Idama Tax Preparation Inc. will cater to the tax preparation needs of individuals as well as households, startups and well established businesses and not leaving behind the large corporations in USA.

We are equipped with a well trained team of clientele that are client oriented and ready to assist our clients with their tax preparation needs.

Our products and services are specifically designed for the listed clients below.

• Individuals including entrepreneurs.
• Small and medium Enterprises
• NGOs
• Large Corporate Organizations
• Hotels, Restaurants, Malls and Schools


The financial industry is one that is highly competitive, that fact cannot be denied. This is why we hope to beat the competition by being a tax preparation company that also offers online tax preparation services in addition to bookkeeping and financial auditing service.

This would help us in carving out a unique market that would focus on specific clients and meet their needs.

We would also provide quality service for our clients that is consistent and improved according to our clients’ expectations. This would be achieved since we have professional staff and a management team that is highly experienced in the financial industry.

Our employees would also be highly motivated and well taken care of. This would help to motivate them to serve our clients to the maximum.


With the stiff competition witnessed in the financial and tax preparation industry, only the best hands can sustain a tax preparation business. It is in view of this that we have hired top-notch business developers to handle sales and marketing.

Our strategies have been put in place to attract clients. Some of these strategies include;

– Creating different tax preparation plans according to the needs of our clients.
– Engaging direct marketing approach.
– Leveraging on the power of the internet.
– The reliance of word-of-mouth marketing from satisfied clients.
– Advertising our business in relevant financial and business related magazines as well as on social media platforms.


Idama Tax Preparation Inc. will be managed by a team of professionals with over 10 years of experience in the financial services industry. Our team will be led by Foma Richards who did her undergraduate and MSc. in Economics and Finance respectively.

Foma worked for a Tax preparation in the Canada for five years before relocating to the US.

We ensure we employ competent hands to help us build the business of our dream and meet customers’ expectation.


This business plan for Idama Tax Preparation Inc. will serve as the platform for the execution of her mission and vision in this highly specialized financial services industry. The founders are also of the opinion that this business plan can be subject to change, in order to accommodate any unforeseen changes that may occur in the credit repair services sub-sector, in the future.

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