Independent Business Company (IBUCOM)

The Independent Business Company (Ibucom) Is a small, successful, one person accounting and tax preparation service owned and run by Mr Idd Kitambi in Tanzania. The firm offers tax accounting, management accounting, and Auditing for small business clients. To move beyond a one person model, the business will expand its services to include bookkeeping services for small businesses. This will require an investment in marketing and staff to grow the business to include this complementary line of business. This business plan organizes the strategy and tactics for the business expansion and set objectives for growth over the next two years.What the company doesThe company in business will offer clients bookkeeping services with the oversight of a CPA at a price they can afford. To do this involves hiring undergraduate student bookkeepers and a graduate student manager, keeping fixed costs as low as possible.Strategy Vision statementThe Independent Business Company (Ibucom) seeks to launch a new line of services - small business bookkeeping which will be offered to the same ongoing clients as currently its seeks. Mission statementThe Independent Business Company (Ibucom) seeks to provide a full suite of tax and management accounting services for small businesses in Tanzania, allowing business owners to not only save money over in-house accounting and ensure their compliance with tax laws, but to make valuable management decisions from their numbers. ValuesThe keys to success for the accounting business include:Building trust with clients Maintaining up-to-date Professional certification and education on accounting practices and laws Going beyond saving clients money to proposing how they can increase their revenues Legal and ethical practices when it comes to transparency, reporting, and taxes.