Tax Preparation Service

Startup Costs: $50,000 - $100,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? No

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.

Tax Preparation Service Ideas

Expense Reduction Analyst

Save people money as an expense reduction analyst.

Online Venture Capital Forum

Help investment-seekers from far and wide with an online VC resource.

Leasing Agent

Connect clients with companies leasing the products they want.

More from Business Ideas

Growing a Business

At 24, She Was Fired From Her Advertising Job. Then an 'Incredibly Important' Mindset Helped Her Build a Multimillion-Dollar Business.

Melissa Ben-Ishay's brother Brian Bushell encouraged her to follow her passion — and it led to major success.

Franchise

Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant

John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.

Side Hustle

I Made $14,000 in 1 Week With a Spontaneous Halloween Costume Side Hustle — Here's How

Sabba Keynejad was in art school when he started to refine his entrepreneurial skills.