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
Stock Day Trader
Consider investing in this business if buying and selling is your specialty.
Bookkeeper
Use your accounting and financial experience to start a bookkeeping service.
Online Venture Capital Forum
Help investment-seekers from far and wide with an online VC resource.
More from Business Ideas
This Dad Started a Side Hustle to Save for His Daughter's College Fund — Then It Earned $1 Million and Caught Apple's Attention
In 2015, Greg Kerr, now owner of Alchemy Merch, was working as musician when he noticed a lucrative opportunity.
AI vs. Humanity — Why Humans Will Always Win in Content Creation
With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.
Her 'Crude Prototype' and $50 Craigslist Purchase Launched a Side Hustle That Hit $1 Million in Sales — Now the Business Generates Up to $20 Million a Year
Elle Rowley experienced a "surge of creative inspiration" after she had her first baby in 2009 — and it wasn't long before she landed on a great idea.