This idea viewed 2714 times this year | Share This Idea With A Friend
ncome tax regulations and their associated forms are often too complicated for the average person to comprehend. Making heads or tails of tax forms, then, is a much needed service and one that people often don't mind paying for (remind them that income tax preparation fees are tax-deductible and you'll sell them even more on your service). You obviously need to have a thorough knowledge of tax laws, tax preparation and related forms to succeed, but you don;t need to study for a license unless you want certifications as a CPA or other designation. This is complicated detailed work; our tax laws are cumbersome and confusing. It would be quite beneficial to take a training course before you begin. This would not only ensure that your skills are adequate, but would give you a feel for whether this work is for you. Tax preparation can earn a talented, detail oriented business owner a very nice income.
|Search for more information on
Financial small business ideas or Taxation Service
Detailed tax guides, special software, errors and ommisions insurance, a good quality printer and copier, and the usual computer and office equipment will be required. You may be saving some ink and paper by e-filing, but you'll still need to print a client copy for each document. Depending on what you need, your office can be set up for as little as $3500. Charge at least $25 - $50 an hour for your services - more if your job looks complex.
Since people will always have taxes to pay, you will never run out of potential clients. Tax guidelines are complex and confusing to most citizens, so knowledgeable tax preparers are in great demand. However, constant upgrading of skills is required to meet the changes in forms and regulations. Tax preparation is seasonal, which means cash flow can be uneven; you might add other services to fill in the slower months.