VTax Tax Marketing Business Opportunity
1 like377 views
VTAX is a tax preparation service that offers aspiring entrepreneurs the opportunity to own their business with low startup costs and industry-leading support. The company emphasizes convenience and professionalism by connecting clients with credentialed tax professionals via a mobile app, ensuring accurate and secure tax filing. With a focus on technology and innovation, VTAX aims to revolutionize the tax services industry while addressing challenges and providing solutions for both clients and licensees.
VTax Tax Marketing Business Opportunity
- 1. I S T H I S T H E P E R F E C T B U S I N E S S F O R Y O U ? E N E R G E T I C P E O P L E W I T H A N E N T R E P R E N E U R I A L S P I R I T . P E O P L E W H O W A N T T O O W N T H E I R O W N B U S I N E S S T O H E L P I M P R O V E T H E I R L I V E S . WE'RE LOOKING FOR A FEW
- 2. About Us: What we do and who we are Our Success: Let us brag a little The Tax Industry: the Good & the Bad W W W . V T A X P R E P . B I Z THEN How We created a Better Way An exciting new business model How everyone wins Is this a good fit for you? Next Steps FINALLY WHY YOU ARE HERE O U R U N I Q U E B U S I N E S S O P P O R T U N I T Y FIRST Our Current Model How Industry issue's are threatening our model Our Challenge / Our Solution.
- 3. FOUNDED IN 2011 BASED IN ARLINGTON ACCREDITED BUSINESS WITH THE BETTER BUSINESS BUREAU Umbrella Financial Services Tax Solutions Group, LLC is an industry leading tax service bureau that provides professional tax software, bank products and support. Additionally, UFSTSG offers aspiring entrepreneurs a path to financial freedom by providing licensing opportunities and assistance in owning an operating their own financial service/tax preparation offices. We also specialize in working with existing tax offices that need assistance with training or growing their practice and we partner with businesses that believe tax preparation would complement their existing products and services. ABOUT US
- 4. O U R E X E C U T I V E T E A M A R E A L L E N T R E P R E N E U R S W I T H A C O M B I N E D 3 5 Y E A R S O F B U S I N E S S O W N E R S H I P E X P E R I E N C E . A N D F O R O U R F O U N D E R , H E H A S O W N E D A N D O P E R A T E D O V E R 4 0 0 T A X O F F I C E S ! S O , A L T H O U G H O U R E X E C U T I V E T E A M A R E N O T C P A S , Y O U C A N B E T W E K N O W A T H I N G O R T W O A B O U T S T A R T I N G A N D G R O W I N G S T R O N G B U S I N E S S E S . O U R T E A M
- 6. O V E R V I E W O N G R O W T H 2011 "LetUsBragALittle" 75 Offices Reached the 20K mark on refunds funded 2013-2015 36 offices 2012 HUGE growth -Saw a 200% Increase in the number of Licensee offices. -Named the fastest growing minority owned financial services company in the southwest. 2016 65k Milestone Bank Products Filed AWARDS Recognized for Service by: Santa Barbra Tax Products Group RightWay Tax Solutions Group Tax Slayer Financial Services CURRENT NO SIGNS OF STOPPING With 500 licensees and counting were more determined than ever to continue innovating and delivering what the customers want, when and where they want it.
- 7. WHAT'S WORKING T H E T A X I N D U S T R Y Recession Proof Unlimited Opportunity Earning Potential Federal law dictates that every working american has to pay taxes. It's a massive industry with more than 150 million tax returns filed each year. 62% of tax returns filed are done by professional tax preparers. Tax code gets more complicated each year. Current tax law is 73,000 pages. 18 Billion dollar industry in roughly 4 months. Between 2014-2015 Avg. UFSTSG Licensee earned $125K in just 4 months.
- 8. CURRENT REGULATORY CLIMATE WHAT'S NOT WORKING ISSUE'S AFFECTING THE INDUSTRY PATH油Act油Legislation油and油Extended油Due油Diligence油Requirements. Proposed油legislature油to油grant油states油authority.油Similar油to油CA.,油OR.,油etc.油 Since油2012油a油huge油Increase油in油the油number油of油unlicensed油and unregistered油tax油professionals. RISE IN IDENTITY THEFT Rise油in油Identity油theft,油complicating油tax油filings,油delaying油refunds. In油2015油the油IRS油converted油more油bank油products油returns油to油paper checks,油thus油resulting油in油a油loss油of油tax油prep油fees油for油tax油professionals. INCREASING TAX PREPARER REGULATIONS Increase油in油Tax油fraud油and油improper油payments.油 A油lack油of油transparency油and油disclosure油of油fees油charged.油 Increasing油civil油and油criminal油penalties油on油tax油professionals. PUBLIC INPUT 4油out油of油5油respondents油believe油that油paid油tax油preparers油should油be required油to油pass油a油competency油test,油be油licensed油by油the油state. 80%油of油the油public油supports油requiring油paid油tax油preparers油to油pass油a油test administered油by油the油government. 96%油of油respondents油believe油paid油tax油preparers油should油provide油a油clear, upfront油list油of油fees油before油completing油a油taxpayers油return.
- 9. WHAT'S MOST IMPORTANT TO YOU WHEN FILING YOUR TAXES? 2014-2015 study conducted by Tax Payer Advocacy Group surveyed over 500k tax payers reported: SIMPLICITY & CONVENIENCE FAIR & TRANSPARENT PRICING ACCURACY & QUALITY CONFIDENCE & SECURITY Do-It-Yourself Software Individual Tax Professional Retail Chains SOFTWARE Market油Position 50mm油returns油(rising) Annual油Revenue $3油Billion Key油Strength Convenience Key油Weakness High油Mistake油Rate INDEPENDENT TAX PREPARER RETAIL Market油Position 70%油of油Market Annual油Revenue $13油Billion Key油Strength Personal油Relationships Key油Weakness Lack油of油Convenience Market油Position 70%油of油Market Annual油Revenue $5油Billion Key油Strength Branding Key油Weakness Compentency Most Commonly used Taxpayer Filing Options
- 10. Our low cost licensing opportunity offers inspiring entrepreneurs a turnkey business complete with best-in-class software, marketing, IRS tax law training and support. No Tax Experience Necessary Seasonal Work/Life Balance Dedicated Business Development Manager (BDM) Guaranteed bank products IRS enrollment and registration assistance (EFIN and PTIN) Payroll and bookkeeping services Website and Phone App Growth/Expansion plan And much more OUR CURRENT MODEL OVERVIEW There is NO upfront franchise fee, so startup is affordable for any motivated entrepreneur. Startup loans are available, making your initial investment as low as $299. Some of our licensees have been so successful with their first office, they opened multiple tax offices. Independently Owned and Operated Licensing agreement vs. Franchise you have more control START- UP COST
- 11. INCREASING BARRIERS IN EXISTING MODEL -Higher exposure to Identity Theft with our current referral model. -Increasing challenge of staffing quality individuals. -Shift from sales & marketing approach back to accountant approach. -Escalating cost of expansion due to tax regulation changes with the PATH Act. -Increased Liability and Shrinking Profitability Increasing Tax prep fees. -Avg. Tax fee increased by 20%. Clients are getting less. -Current & Future Tax Preparer and ERO Regulations brings increased fines and injunction.
- 12. THEFIGHT TAX PAYERS IRS INDIVIDUAL TAX PROFESSIONAL FOR RIGHT VS. WRONG LICENSED VS. UNLICENSED TAX PAYERS WANTS VS. THEIR OPTIONS CONTINUES
- 13. OUR CHALLENGE Create A Better Way For Our Licensees To Address The Increasing Concerns Of Their Tax Clients While Providing A Opportunity That Would Ultimately Lower Their Risk And Increase Their Bottom Line. Our Task Where To: IDENTIFY WEAK SPOTS Needed to seek to understandand addressthe negative experiences that were eroding our existing business model. DEVELOP DIFFERENTIATING VALUE PROPOSITIONS We needed to orient ourselves around taxpayers and have a deep understanding of their experiences and what they are asking for. With this understanding, we can identify new offerings that not only strengthen our existing business model, but also facilitate options for expansion for our current and future licensees a more lucrative profit pool. INVEST HOLISTICALLY IN DIGITAL TECHNOLOGY Invest in digital resources to improve the end-to-end taxpayer experience. EXPLORE NEW MODELS We needed to differentiate ourselves by staying one step ahead of customers expectations.
- 14. "Offer consumers and licensees the best of both worlds: For licensees, an affordable, low-risk opportunity for earning additional income without learning taxes or quitting your job. For consumers, a convenient, affordable alternative to DIY software and an alternative to unlicensed and unregistered tax professional that exist today." OUR SOLUTION
- 15. IMAGINEAWORLDWHERE Soon there will be a hybrid out there of I want the convenience of getting my taxes done from home, anytime, anywhere, but I want a highly qualified professional, to prepare them at a price thats fair. Miller says. Miller and Watts predict that technology will continue to become more accommodating when it comes to filing taxes. Future conveniences incorporated into the tax filing process might include Skyping with a tax professional or other ways of virtualizing the experience, Miller says. IMAGINEAWORLDWHERE Where tax payers dont have to sit for hours trying to figure out complex tax questions or have to make an appointment and waste their time with a tax professionals with little or no training.
- 16. IMAGINEAWORLDWHERE Imagine if you could take advantage of the latest technology to enhance the entire taxpayer experience and securely file your taxes anytime and anywhere, hassle free and conveniently from your smartphone. IMAGINEAWORLDWHERE Imagine the technology and processes existing making it possible for taxpayers to communicate in real-time via web, email or phone with a qualified tax professional who is licensed by IRS. Then have your tax return reviewed with you by an expert who has passed a comprehensive tax law examination and awarded the highest credentials issued by the IRS before e-filing.
- 17. NOW THAT TIME IS
- 18. VTAX TAX油FACTORY
- 19. W E G O T Y O U C O V E R E D Our experts are standing by to help you with your tax situation, even if you've had major life changes. Expert, one足on足one tax preparation service. Our highly足trained specialists are standing by to prepare your taxes. Every VTax tax professional, Enrolled Agent and CPA is registered and licensed with the IRS. You're marketing the world's best tax preparers in the business.
- 20. What Makes Us Different? That's Simple! Convenient! We built an app for that! Unlike DIY software, VTax is not a "do it yourself" mobile app. Our mobile app addresses the convenience that tax payers want, by allowing them to have access to credentialed tax professionals, and have their taxes prepared anytime, anywhere. Most importantly we're here to serve you 24/7. Look us up! Unlike chain companies or other tax pros. All VTax tax professionals are credentialed licensed tax professionals. We do this for a living! We have the training, certification and experience for any tax situation. Transparent and Affordable! We're proud to say that we offer some of the industry lowest fee's for professional tax preparation services. All our pricing will be upfront, transparent and based on the complexity of a clients return. We will provide a quote before we move forward that details every hard-earned cent that your paying for your tax preparation services. Secure! We use industry leading technology and encryption to ensure your information is always secure. Our Guarantee! Because every return is reviewed by and enrolled agent for errors or missing credits and deductions. We guarantee our clients that their return is accurate and they've gotten the most money they qualify for, or their money back. Guaranteed! "YOUR COMMUNITY WILL APPRECIATE YOU"
- 22. VTax was born out of frustration with unreliable, under-qualified tax preparers with no licensing or certification and as little as five days tax training. VTax is real-time tax preparation service on-demand, that is changing the landscape of the tax preparation industry by revolutionizing the way taxes are done. We use emerging technology and proven business practices to match credentialed tax professionals with taxpayers who request tax preparation services through our mobile app platform. For consumers the best of both worlds, the hassle free convenience of having your taxes done.
- 23. HOW IT WORKS PROFESSIONAL ON-DEMAND REAL-TIME TAX PREPARATION AND CONSULTING SERVICES WHEN AND WHEREVER YOU NEED IT.!
- 24. BUILT We A N A P P F O R T H A T O N -D E M A N D I S I N D E M A N D
- 26. VTAX BENEFITS C o n v i e n i e n t R e l i a b l e O n e - t o - O n e T r a n s p a r e n t & A f f o r d a b l e I n s t a n t C o m m u n i c a t i o n S e c u r e
- 27. Start Your Own Marketing Success Story "Spend less time worrying about accounting, and more time watching your business grow." Ready To Be Your Own Boss "Starting an income tax marketing company is easier than you think"
- 29. STARTYOURMARKETSUCCESSSTORYTODAY! TURNKEYANDINNOVATIVEBUSINESSMODEL Youcanskiptheheadachesofgettingstartedonyourown.Yousimply markettheservicesoftheworldsbesttaxpreparationfactory.Wetakecare oftherest.YouevengetyourveryownVTaxMarketingRepresentativeand aMarketingConsultanttoguideyouthroughtheinsandoutsofgrowing yourbusiness.Inadditiontoourconsumerinnovations,weveinvested heavilyinbusinessprocessesthatmakeiteasiertorunyourvirtualoffice andreducethecostofdoingbusiness.OurproprietaryDone-For-You marketingplatformisaninnovationthathasrevolutionizedthewaywe reachclients. VTax offers prospective licensees an affordable opportunity for earning additional income without learning taxes or quitting your job. Thanks to our exciting mobile-preneurship business philosophy, licensees enjoy low startup costs and access to marketing tools, technology and training to help them easily conduct business from anywhere. We've created a virtual assembly line so everyone can specialize in what they do best. For our licensees that means being a true entrepreneur. Focusing on building your business and growing profits.
- 30. Simply,effectively, andinexpensively targetyourcustomers Its no exaggeration to say the rise of smartphones and mobile technology. One very happy customer at a time, were revolutionizing the way taxes are filed by utilizing cutting-edge technology and elevating the tax filing experience by providing exceptional customer service. As a licensee, you will have industry leading technology at your fingertips to help you connect with your clients. Youll have the pleasure of referring exceptional, concierge-quality service, providing convenience for the client and boosting your reputation. Our licensed and credentialed tax professionals, Enrolled Agents and CPAs are readily accessible and will gladly provide answers to challenging tax questions. Put simply, we wanted to make the process of filing taxes a simpler, happier one for everyone involved.
- 31. Where attention flows, Moneywill follow" Weve invested into technology that makes operating a VTax marketing business as easy and as profitable as possible. Our comprehensive Done-For-You marketing platform and back-office system helps streamline operations by automating everything from marketing and tracking to payroll processing and payments. Tracking is simplified with our real-time reporting system. The system accurately shows who downloaded the app, submitted a return, if their return was accepted or rejected and what the client was charged for preparation services.
- 32. BenefitsofOwninga VTaxMarketingLicenseUnlimited Earning Potential. Low start-up cost No EFIN or PTIN No Overhead. You dont need to know a thing about filing taxes. Just how to market a better way for people to file. Fresh new Innovative business model. No need to quit your day job. No boss, No liability. Just Technology Nearly 150 million returns are filed each year, these are your prospective clients. Industry Leading Support. VTaxs executive team provides world class operational and marketing support along with Done-for-you marketing techniques. Seasonal Work/Life Balance Cash油In油On油the油New油Sharing Economy Stake油Your油Claim油in油the油Tax Business.油Tap油into油Massive油Market Potential We油Will油Take油You油By油The油Hand油To Teach油You油How油to油Start油a油Low Investment油&油High油Return Business油
- 33. MARKETINGFACTORY TAXFACTORY EARN LIFE CHANGING INCOME FOR MARKETING THE WORLD'S BEST PROFESSIONAL TAX PREPARATION SERVICE, DONE BY EXPERT TAX PROFESSIONALS. ALL CERTIFIED, CRENDENTIALED, LICENCESED TAX PROFESSIONALS
- 34. We've Created a Virtual Assembly Line. M A R K E T I N G F A C T O R Y T A X F A C T O R Y T A X P A Y E R S
- 35. E V E R Y O N E W I N S TAX FACTORY Perfect Opportunity if: Youve always thought about starting your own business but just dont know where to begin. Youre ready to liberate your income and your time while you help people. You want to learn PROVEN strategies to grow your business FAST, the right way Convenient access to RELIABLE, ACCURATE, AFFORDABLE, PROCESSIONAL Tax preparation services. To give BETTER service. The community needs We want to help people start and grow great businesses of their own TAX PAYERS VTAX TAX FACTORY
- 37. A N Y O N E 油 C A N 油 I N N O V A T E 油 F O R 油 Y E S T E R D A Y . 油 I T 油 T A K E S 油 S O M E T H I N G S P E C I A L 油 T O 油 I N N O V A T E 油 F O R 油 T O M O R R O W . K E V I N 油 M U R P H Y , 油 P R E S I D E N T 油 U M B R E L L A 油 F I N A N C I A L 油 S E R V I C E S One油Of油The油Best油Ways油To油Predict油The油Future油Is油To Create油it"
- 38. " S I M P L E I S E A S Y " CONTACT US 844-TRY-VTAXBIZ info@vtaxprep.biz www.vtaxprep.biz