PrepayCPA Company Overview

PrepayCPA is a company launched on the 22^nd of November 2011 and they are operating out of Delaware in The US. PrepayCPA is headed by CFO/Director Bruce Toone, Founder, President and CEO David Track, Chairman and COO/Director Josh Rosenbaum, National Marketing Director Nate Calima as well as National Sales Director Edward “Ned” Rae.

PrepayCPA, Inc. fulfils a market need by providing tax help and audit protection services to taxpayers based on a membership model.

They provide the following services through their flexibly priced Protection Plans:

•        Tax Return Review for the current Fiscal Year

•        Audit Protection while you are a member of our Audit Protection Plan

•        Addressing Liens and Levies from the IRS and state agencies

•        Addressing IRS and State Notices

•        Basic Incorporations

The PrepayCPA Product Line

 PrepayCPA offers clients three membership plans that consist of the following:

1.     PrepayCPA Basic Protection Plan

The PrepayCPA ‘Basic Protection’ plan costs $24.95 a month ($299.40 annually) and includes;

•  a tax return review for the current fiscal year.
• the addressing of all liens and levies from the IRS or your state during your membership enrolment
• he addressing of IRS and state notices
• one basic incorporation

2.   PrepayCPA Protection Plus

 The PrepayCPA ‘Protection Plus’ plan costs $34.95 a month ($419.40 annually) and includes;

•  a tax return review for the current fiscal year
• he addressing of all liens and levies from the IRS or your state during your membership enrolment
• the addressing of IRS and state notices
• one basic incorporation
• an audit protection plan

3.   Audit Protection Plan

 The Audit Protection Plan is structured for clients that are being audited by the IRS and then PrepayCPA offers them 9 hours of audit preparation services.

The PrepayCPA Compensation Plan

There is an income opportunity available within the company that works on a multi-level marketing system that consists of 6 levels of memberships, also called a unilevel structure which means that each customer of PrepayCPA distributor you enrol is placed directly under you (forming your first level).

The six levels of distributors are:

•  Bronze Associate
• Silver Associate
• Gold Executive
• Platinum Executive
• Diamond Leader
• Double Diamond Leader

Unilevel Commissions

 PrepayCPA pay out unilevel commissions on up to 7 levels of your unilevel organization, depending on a member’s membership rank.

Members are paid out:

• 15% on level 1 (all ranks)
• 5% on level 2 (Bronze Associate or higher)
• 10% on level 3 (Silver Associate or higher)
• 5% on level 4 (Gold Executive or higher)
• 4% on level 5 (Platinum Executive or higher)
• 4% on level 6 (Diamond Leader or higher)
• 5% on level 7 (Double Diamond Leader)

Joining PrepayCPA

 Joining Prepay CPA as a distributor requires the purchase of a ‘distributor kit’ which costs $34.95.

Members must also purchase back office access and a replicated website which is $14.95 a month.

Annually PrepayCPA distributorship must also be renewed at a cost of $20.

Is it a solid income opportunity?

 In theory a MLM company built on the idea of prepaid accounting services should be a solid business opportunity but PrepayCPA isn’t without its shortfalls.

First of all there’s the compensation plan. PrepayCPA does have less membership levels than average, which is generally a good thing but the requirements between membership levels is steep.

For example the monthly sales requirement jumps from $200 –> $2000 –> $7000 –> $22,000 –> $110,000. By no means should achieving Double Diamond be a walk in the park, but in having such steep increases between membership levels, members are going to be potentially stuck at the same level for a long time.

In conclusion

 The fine print is quite extensive, more to explain and understand in one article review. I’d suggest you do your homework just like with any income opportunity out there.

The company is legit, the leaders are traceable and it is a fairly new company although the leaders have been in business for quite some time in their own ventures.

Whether they will work out as a team only time will tell. They do offer excellent and needed services so the growth potential is limitless.

With good marketing skills and thorough homework I know you could be on the verge of starting your future and at the same time you could be up for a very hard fall to the ground. The choice is yours but it’s not impossible to ever stand up again, right?

Use a leveraged system that teaches the marketing skills for your team.  Duplicatable system with step by step strategies for you and your team.  Be sure to look at your overall vision with PrepayCPA, so you can have success.