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.

Online Loans

Draw customers browsing for loans online.

More from Business Ideas

Side Hustle

10 Online Side Hustles Proven to Boost Your Bank Account

Even the busiest schedules can accommodate finding a precious few hours to create a profitable online venture — something that many are already mastering.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Side Hustle

20 Side Hustle Ideas for Summer 2024: Part One

Instead of spending money this summer, prepare now to make extra cash through the following side hustles while still enjoying your free time.