About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Tax Preparation Service
Startup Costs: $50,000 - $100,000
About
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? No
Your accounting and tax prep skills can give customers time to stop and smell the roses in April.
Business Overview
An accounting background is preferred; however, there are training and certification courses available that will enable you to start your own income tax preparation service as a qualified professional. As in any business, the more you know and the better your skills are, the more you will potentially earn. Though tax preparation is a seasonal service, additional income can also be gained by providing business clients with year-round bookkeeping services. Once established, word-of-mouth advertising and repeat business will support the service. However, to initially secure clients for the business, consider offering a two-for-one special for your first year of operation, prepare one tax return for the regular fee, while a spouse or partner receives the service for free.
Related Articles
Start a Service Business
Everyone has skills, knowledge and experience--and anyone can turn those assets into a thriving business.
How Do I Start a Business?
You know you want to be an entrepreneur—now find out what it takes to really get going.
How to Start in Business Support Service
Why should a company hire an employee when they can outsource jobs to you? Offer your clients word processing, Web services, proofreading, bookkeeping and more with a business support service.
Related Franchises
CFOToday
Computerized accounting services for small businesses
Colbert/Ball Tax Service
Tax preparation & electronic filing
ExpressTax
Tax preparation & electronic filing
Browse Business Ideas by:
|
Search Business Ideas by:
Required
Select Category:
Required
About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Select Startup Cost Range:
About costs
Office Live Small Business
|