Catapult Your Business to Success
Thousands of people just like you are creating strong and profitable professional tax preparation businesses all over the country. Like you, they see the value of advancing their education to help them create the income and lifestyle that they and their families deserve.
For over 25 years Universal Accounting has been teaching professionals like you the ins-and-outs of small business tax and accounting. We’re not called the “Small Business Experts” for nothing. Whether it’s the bike shop around the corner or the dry cleaner down the street, small businesses need what you have to offer; Universal Accounting Center will help you each and every step of the way.
The First Step – A Tax Practice
When you start a tax practice, you are well on your way to personal and professional success. Every business and individual must prepare and file taxes. It’s the law. And as you become the “tax expert” for your clients, you will find more and more opportunities to impact the profitability and health of their businesses. But why stop there? With just once more step you can enhance your services and your bottom line: offer accounting and bookkeeping services.
The Second Step – Adding Accounting Services to Your Menu
Nothing will complement your tax practice more than Professional Bookkeeping services. By increasing the number of products you offer, you’ll not only be able to provide your clients with a complete financial service package, but you will be able to create a better income for you and your family as well.
You can see that the income from a tax preparation business will peak during the first four months of the year. Many professional tax preparers bill at rates of $100 per hour or more enabling them to work 4 to 6 months per year and semi-retire the rest of the year. By adding bookkeeping and accounting services to your menu, you’ll create a stable income stream for your business that will be consistent year-round.
At Universal Accounting, we’ve discovered over the years that the average small business bookkeeping clients will generate an income of approximately $300 per month. By billing your tax clients on a monthly basis and offering bookkeeping services along with year-end tax preparation services, you can feel confident billing $100 per month for additional tax preparation services, creating a gross billing of $400 per month to clients who receive complete financial services.
Your bills and expenses continue all year long, shouldn’t your income?
This graphic demonstrates how adding bookkeeping services will positively impact your practice.
Working with a client’s books throughout the year enables you to not only offer insightful tax planning advice, but will make tax preparation even easier at tax time. In fact, it wasn’t too many years ago that most small business bookkeepers did all the tax preparation and filing.
Adding Bookkeeping Services Just Makes Sense
Most of the college and university programs out there don’t prepare their graduates for a career in small business accounting and tax preparation. Unfortunately, neither do the franchise opportunities. Believe it or not, franchises like H&R Block and Jackson Hewett charge up to $80,000 just to get started.
Unlike a typical franchise, with an education from Universal Accounting you can begin your tax and accounting practice by operating out of your home. In fact, that’s what we’d recommend. You don’t need to run an accounting or tax service out of an expensive office space. The only people who will find you in an office will be the people trying to sell you something.
When you look at starting any business, the right training and support is critical. The Professional Bookkeeper Program offers the following:
- Practical and thorough training in small business accounting
- Exposure to proven marketing strategies specific to your field
- Follow-up support six months following your completion of the course
Act now and when tax season is over you’ll continue to enjoy the profits of a thriving business. Enroll in the Professional Bookkeeper today; it’ll be the best thing you ever did for your tax practice.
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