A tax grievance business plan is an uncommon document. If you are creating a business that will generate revenues from helping people claim and file tax grievances, you should have a background in the industry and ideally a certification in public accounting and/or taxation to back up your claims about being able to launch a successful venture. Who will you target for these services and how will you market yourself to them? Is this relationship and referral-based, or will you use the Internet, industry magazine ads, social media, radio, etc.? Making clear in the document how you will connect with potential clients is critical. If you have a background in tax law for example and have an instant rolodex of contacts seeking help, your marketing cost could be zero – note that in the plan. Other considerations vital to this document:
• Will you work only on income tax issues or other items like property or estate taxes?
• How far in arrears can/must the issue be to be something you could consider?
• Do you face any fees, permitting, or continuing education requirements that need to show up in the model?
• Will you have assistants or professional staff helping you with the business venture?
• If the plan is designed to secure funding for your tax grievance operation, how much are you seeking?
• When can this capital be repaid, or what will the investor's share be?
Your business plan for tax grievance should cover the market opportunity thoroughly. In these tough economic times, when people and government bodies alike are scrapping for every available dollar, there are considerable inroad opportunities for players in this space. But you'll need to contextualize the business in these market conditions by unearthing industry data that fully supports your claims that this is a prime opportunity to grow a business of this nature. If you're going to be shopping your plan to investors, make sure that you adequately prepare the financial statements and show what their potential returns will look like. Need assistance in this process? MasterPlans can write the whole document for you and double-check the model internally. Call us today at (877) 453-2011.
