Business At A Glance
Startup Costs: $50,000 – $100,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No
An accounting background is preferred;however, there are training and certification courses available thatwill enable you to start your own income tax preparation service as aqualified professional. As in any business, the more you know and thebetter your skills are, the more you will potentially earn. Though taxpreparation is a seasonal service, additional income can also be gainedby providing business clients with year-round bookkeeping services.Once established, word-of-mouth advertising and repeat business willsupport the service. However, to initially secure clients for thebusiness, consider offering a two-for-one special for your first yearof operation, prepare one tax return for the regular fee, while aspouse or partner receives the service for free.