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According to firstreaseach.com the US
accounting and tax preparation industry includes about 100,000
firms with combined annual revenue of $95 billion. Large
companies include PricewaterhouseCoopers, KPMG, Deloitte Touche
Tohmatsu, Ernst & Young, and H&R Block. The industry is
fragmented: the 50 largest companies hold less than 50 percent
of the market. Most firms are small, with annual revenue under
$1 million; large local firms may have revenue of $5 to $10
million. The industry includes firms that provide primarily
accounting, tax preparation, auditing, bookkeeping, and related
services, but doesn't include companies like law firms that may
provide such services as a secondary line of business.
The profitability of
individual firms depends on the right mix of services and
effective marketing. Large firms have advantages in
providing a range of services to large corporate clients and
having the resources to serve customers with many locations.
Small firms can compete effectively by specializing and
providing superior service. The industry's average annual
revenue per worker is $100,000. Major services include tax
preparation, payroll services, auditing, bookkeeping, tax
consulting, and general accounting. Tax preparation accounts
for 25 percent of industry revenue, payroll services for 25
percent, and auditing for 15 percent. Bookkeeping represents
10 percent of industry revenue, and tax consulting and
general accounting, 5 percent each.
Listo Tax Solutions Products and Services:
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Taxes - At Listo Tax Solutions, we
provide our customers with the maximum refund available while
insuring the least amount of tax paid. We do this by
requiring all of our staff to receive tax law training every
year. Additionally, if customers have all their tax
information ready, then we will have the tax return the same day
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Accounting - We realize your business
needs help gathering information for tax preparation, and we
help with that... and more. We believe in providing
companies with the information necessary to make those tough
decisions that will enable them to flourish.
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Payroll - Outsourcing payroll can be
very costly. Many companies are afraid to process payroll
in house due to the complexity of the filing requirements.
Listo Tax Solutions is a cost effective method for preparing
your own payroll.
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Translation Services - Listo Tax
Solutions is a complete resource for translations from English
to Spanish and Spanish to English. We often translate
Birth Certificates, Marriage Certificates, Authorization to
Travel, Letters and much more...
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Benefits in being a Listo Tax Solutions franchisee:
- Rare opportunity to serve the nation's largest emerging
market
- An easy-to-use system. No tax or accounting
experience is necessary
- Reduced level of competition
- Limited risk, high reward
- Site analysis and selection assistance if needed
- Staffing and management support
- Advanced marketing plans to get your business up and
running quickly
- Collaboration with other Listo franchisees through our
interactive intranet
- Tools to reach the community
- In-depth and ongoing training to effectively run your
business
Listo Tax Solutions trains its
franchisees how to market to its professional tax,
accounting, and translations services to the Hispanic
community, a rapidly growing and underserved market. It is
not necessary to be bilingual, as Listo will also train how
to hire Spanish speakers. The Hispanic community is the
nation’s largest emerging market and they are calling for
professional services such as ours, do you want to answer
the call?
The tax industry is rapidly expanding but
current tax offices tend to have the following issues:
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* It’s too hard to gain new clients in an overcrowded
tax field.
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* The competition is trying to take long-term clients
away.
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* Struggling with client loyalty.
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* Generating just four months of income, but desire a
year round income.
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* Have issues acquiring and maintaining qualified
staff year after year.
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Listo Tax Solutions™ has found a way to
deal with all of these issues and more importantly, how to
reach a huge untapped market.
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Master Franchise Summary |
| Minimum Net Worth |
$300,000 |
| Master Franchise Fee |
$136,000 - $380,000 |
| Cash Investment |
$140,000 - $250,000 |
| Total Investment |
$185,000 - $420,000 |
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