Considering a part time career in tax preparation? Great idea. Providing a service that covers something that is completely mandatory — by law — is one guaranteed way to make money year after year. With the complexity and constant changes of the U.S. tax codes, you’ll never have to worry about not having a huge client pool in need of your services. Think about it; how many people do you know that successfully file their own taxes?
Here’s a few good reasons to consider tax preparation as a significant source of income for you:
- Set Your Own Hours — Because tax preparers are in such high demand during tax season, you can work as much as your schedule allows, meaning that you can make as much money as your clock can handle. As an independent tax preparer, you can take on as many or as few clients as you choose.
- Only Prep Taxes for a Few Months — By having a short window where you are expected to work prepping tax returns, you can go all out for a few months, and bank all of that money as a sideline to your regular job.
- Low Overhead — Tax preparing is a very low overhead business that you can actually do from home —no office or office expenses necessary. Just you and your phone can create a business with nominal equipment.
- Customer Relationships — Working as a tax preparer, you’ll tend to find yourself developing strong relationships with your core base of clients. These people might be friends and family already, but they will also become your biggest cheerleaders — helping to increase your client base year after year.
- Business Growth — At some point, you might decide to grow your operation to include additional tax preparers. At this point, your business actually becomes a business rather than a part time gig. By hiring additional staff to prepare taxes, you’ll be able to handle a lot more business. As long as the overhead is carefully monitored, you’ll have the chance to generate significant income during the short tax season.
