Would you like to earn $100/hour preparing income tax? Certified Professional Tax Preparaters have prepared tax forms for up to 50 individuals in their first year. At an average of $150 each, they made $7,500 working just the 45 days before April 15. For many people, this represents 3 months of salary. If you are the kind of individual that likes to work hard for a concentrated period of time and then have time to relax, preparing income tax forms could be perfect for you.
Once your tax business gets off the ground and you have clients and referrals coming in, your second year could be 3-4 times that number, or $22,500 to $30,000, working only a few months out of the year! For many, this represents what they make the entire year at a full-time job!
One tax service owner reported up to $100,000 per year once he had a full client base. Even if this takes you two or three years to work up to, that is very good money for most of us.
Additional Revenue Stream
If you already have an accounting or bookkeeping business, preparing taxes will be a natural fit for you. While the training for tax and accounting are different, they complement one another. If you are already good at preparing books, you have the types of abilities that you will need to prepare taxes. The accuracy, meticulous record-keeping, and patience that you rely on in your accounting or bookkeeping business will serve you well when preparing Tax statements.
Make more money by adding tax preparation
You Will Be In Demand
While many industries may come and go, you can know for a fact that not only will qualified tax professionals be needed today, but as long as people have to pay taxes and the tax laws are as complex as they often are, you will be needed and wanted for your skills. Have you ever dropped by the post office on April 15 and seen the endless line of people waiting to drop off their taxes at the last possible minute? Many of these could be your clients.
As long as governments exist, they must collect revenue to exist. That will never change. When you certify the skills necessary to become a Professional Tax Preparer, you are certifing a life skill that will always be valuable. You are investing in knowledge that will give you the tools to make a good income.
Work for Yourself
If you have always dreamed of owning your own business and working for yourself, starting a tax service is a great way to do it. You set your own hours for the most part and work as much or as little as you want, either full-time or part-time.
Benefits of Working For Yourself
Earn Additional Income On the Side
If you already have a full-time job, but would like to earn more money, start a part-time tax preparation business in addition to your normal job can be very appealing. In the few months before April 15, you can make upwards of $125 per hour preparing taxes for individuals and small businesses. Working just two hours per day, you will be making $1,750/week, or about $21,000 for a 3-month tax season. This is money that you can use to pay off debt, take that vacation that you have always wanted, or put money aside for retirement or emergencies.
Would you like to earn $100/hour preparing income tax? Certified Professional Tax Preparaters have prepared tax forms for up to 50 individuals in their first year. At an average of $150 each, they made $7,500 working just the 45 days before April 15. For many people, this represents 3 months of salary. If you are the kind of individual that likes to work hard for a concentrated period of time and then have time to relax, preparing income tax forms could be perfect for you.
