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

Tax Accountant

Help clients organize their taxes to get the biggest return.

Stock Day Trader

Consider investing in this business if buying and selling is your specialty.

Mortgage Broker

Help clients get the mortgages they need to purchase a home.

More from Business Ideas

Starting a Business

Building a Business? Here Are 4 Common Challenges You'll Likely Face Along the Way

When launching a startup, knowing where the hurdles are makes it much easier to clear them.

Marketing

3 Myths About PR That Are Hurting Your Brand's Success

Position yourself as a thought leader in your industry with PR: debunking the myths and discovering the true potential of this powerful marketing tool.

Growing a Business

3 Recession-Proof Strategies for Small Business Owners

Now is the time for entrepreneurs to create an action plan for navigating an unpredictable economy.