WABTS Financial & Tax Advisors | Application Preview
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General Information
Business Registration Number: 62-1557287
Location: Memphis, TN, United States
Length of Operation: 40
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
To hire and train two (2) recent college graduates to perform accounting, bookkeeping, payroll, and tax services. In addition, duties such as filing, data entry, scanning financial documents for 2018, 2019 and 2020 and other administrative support as required. 2 Employees $25,000 = $50,000; 2 Computers/monitors $1,700 = $3,400; 1 All-In-One Color/Black & White Laser Printer & Copier = $2,000; 2 Commercial Scanners $3,100 = $6,200; 1 Commercial Shredder = $1,100; Software = $1,500; Office Furniture Desks, Table, Chairs and Partitions= $3,000; 3 Lateral File Cabinets $1,100 = $3,300; Supplies $10,000 Training $14,000 IT Services $4,000 Project Management $1,500 Total $100,000
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Business Plan
To publish startup guides for home base business owners; hire CPA's, to perform audits; a Staff Attorney to represent tax clients and Insurance Agents to sell life and health Insurance. Being the founder and CEO of WABTS Financial & Tax Advisors, I have a successful and well established business that has a proven track record. This business has been growing consecutively for 40 years and has weathered all the economic disasters. We are financially sound and I have invested in the future by hiring young graduates because they are the company's future.
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Self Identified Competition
1. H&R Block Tax services 2. ADP Payroll Services 3. Small CPA firms What set WABTS apart from our competitors is we are a “One-Stop Operation”. •H&R Block offers income tax services, WABTS offers all tax services (income tax, payroll tax, sales tax, franchise & excise tax, state withholding tax, etc.). •ADP offers only payroll services, WABTS offers payroll and other services (payroll tax, income tax, sales tax, franchise & excise tax, state withholding tax, accounting & bookkeeping services, etc.). •With my experience in working in public accounting, it is known that CPA firms can not survive with the price structure that WABTS charges its small business and individual tax clients.
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Contact Applicant
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