Minimal Start-Up Costs
Starting a home-based tax business can be done very inexpensively. Since you will have very little overhead, you can charge less than your competition and still make a great profit.
Home-based Tax Business Start-up Cost (assuming you already have a PC and printer):
- Comprehensive Income Tax Course (including student text) $499
- Professional tax preparation software (lower cost options are available) $500
- Tax preparation Marketing and Tax Office Supplies $500
The main things you will need are:
- Tax preparation training
- A computer
- Other equipment, such as a printer, copier, fax machine
- Internet service
- Professional tax preparation software (we have a few suggestions)
- Office supplies
- Business cards
- A Preparer Taxpayer Identification Number (PTIN) from the IRS (no cost)
- An Electronic Filers Identification Number (EFIN) from the IRS (no cost)
- Fast refund products - if you want to offer them
Learn More:
- Starting Your Own Tax Business is Better than a Franchise
- Who is a Tax Business Good for?
- The Misconceptions about Tax Professionals
- The Income Potential
- Additional Revenue Stream
- Year-round Income Opportunities
- Fast Ramp-up Time
Have a question? Give us a call today at (800) 984-1040 or send us an email.
