Taxes, everyone has to pay them — and everyone knows that if you own a small business, it’s probably best to hire a tax professional to do them for you. Alan Blakeborough, or Blake, founded Tax Titans to offer small businesses a way to bypass mainstream tax preparation services and access better rates and services through a competitive bidding process.
He also wanted to give tax preparation professionals, who are enrolled agents, accountants and CPAs, the option to keep 90% of their billed amount. Additionally, Tax Titans offers a veterans program for transitioning veterans, disabled veterans and military spouses; this is a great way for people leaving the service or for military spouses to help bring additional income into the family.
This allows the entrepreneur in all of them to start in an industry that will have continued demand, well forever. At least as long as the government collects taxes. The team behind Tax Titans is working hard to change the face of tax time for small businesses across America!
About Tax Titans
Tax Titans is a disruptive platform that allows small businesses the ability to review and select tax professionals to do their taxes. Once the tax professionals have done the preparation, the small businesses can then pay over the platform and have their taxes e-filed.
So, a business owner would log onto the platform and answer a tax questionnaire and information, like their industry, region, preferred language and budget, and Tax Titans sends an alert to matching enrolled agents, accountants, or CPAs.
The tax professional then bids on the job, and the person seeking services has the opportunity to compare professionals, see their LinkedIn profile, website or YouTube video, and pick the one that most closely fits their needs.
Blake shared, “there was no way to effectively or efficiently jump on a platform or an app and go, ‘Hey, I need someone to do my taxes.’ And even if you were to just Google accountants in your area, there was no way to comparison shop, in the way that you can on Amazon, Airbnb and Priceline.”
He also wanted to clear up the ambiguity around tax return pricing and the time they take to complete, saying that “there’s no real definitive timeline your taxes are going to be done. And you have no idea how much it will cost. In fact, we have a lot of people who say paying their accountant is like paying the mafia protection money so that they don’t get audited and sent to jail. And Tax Titans clears that all up.”
On the tax professional side of the application, the biggest perk is that Tax Titans takes a minimal fee that totals 10% of the total amount billed for marketing and sales. Yes, the dreaded customer acquisition cost is now only 10%. This structure gives tax professionals the freedom to work on their own completely because they are making more than twice as much or more than with other companies.
“Every accountant I’ve talked to is like, ‘so, I only have to give up 10% of my billing in tax preparation to have you do all the marketing, sales, and you push me clients, this is great!’”
Once the platform goes live in October, it will be free to download and sign up. For the time being, tax accountants can register with Tax Titans through their website to find out if they meet the qualifications. To qualify as a Tax Titan, a tax preparer must have two years of experience, 10 business references, and insurance. Don’t worry; the Titan team has partners to get your small business set up.
In addition to the tax preparation matching services, Tax Titans has also designed a program to certify veterans and military spouses through a high-speed, low-drag tax certification course taught by university instructors from South Carolina. They then can work with veteran supportive tax firms to ensure their work is up to speed.
Tax Titans is a breath of fresh air amidst a time-consuming, ambiguous and non-transparent industry — by giving each side of the tax preparation transaction better transparency, flexibility, choices and rates. Blake and his team are trailblazing a new and neighborly way to take care of one of life’s unpleasantries. Join the team today and keep an eye out for the Tax Titans app launch this October; you can find them on LinkedIn too!